First Industrial Realty Trust, Inc. (NYSE:FR) Receives Average Rating of “Hold” from Analysts

First Industrial Realty Trust, Inc. (NYSE:FR) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $57.38.

Several analysts have issued reports on FR shares. KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a research note on Tuesday. They issued a “hold” rating and a $52.00 price target on the stock. Finally, Barclays reduced their price objective on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $50.76 on Monday. The firm has a market capitalization of $6.72 billion, a P/E ratio of 21.78 and a beta of 1.08. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is $51.60 and its two-hundred day moving average price is $53.15. First Industrial Realty Trust has a 1 year low of $45.10 and a 1 year high of $57.35.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The company had revenue of $167.60 million for the quarter, compared to analysts’ expectations of $164.01 million. During the same period in the prior year, the firm earned $0.62 EPS. First Industrial Realty Trust’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that First Industrial Realty Trust will post 2.63 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust’s dividend payout ratio is currently 63.52%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in First Industrial Realty Trust in the third quarter valued at about $28,000. UMB Bank n.a. increased its holdings in First Industrial Realty Trust by 116.2% in the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 466 shares during the period. Versant Capital Management Inc raised its position in shares of First Industrial Realty Trust by 92.5% in the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 481 shares in the last quarter. Blue Trust Inc. raised its position in shares of First Industrial Realty Trust by 201.9% in the 3rd quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 636 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of First Industrial Realty Trust by 77.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 417 shares during the period. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.