First Industrial Realty Trust, Inc. (NYSE:FR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) have earned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $57.00.

A number of research firms have recently issued reports on FR. Cantor Fitzgerald assumed coverage on shares of First Industrial Realty Trust in a report on Wednesday, October 1st. They set a “neutral” rating and a $55.00 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of First Industrial Realty Trust in a research report on Friday, October 31st. Barclays set a $54.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, November 3rd. Mizuho increased their price objective on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, September 8th. Finally, Wells Fargo & Company boosted their target price on First Industrial Realty Trust from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $55.83 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $54.67 and its 200-day simple moving average is $51.56. The company has a market cap of $7.39 billion, a PE ratio of 31.19 and a beta of 1.13. First Industrial Realty Trust has a 1-year low of $40.31 and a 1-year high of $58.17.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.The firm had revenue of $181.43 million during the quarter, compared to analysts’ expectations of $182.63 million. During the same period in the previous year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. As a group, equities research analysts anticipate that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Wednesday, December 31st will be given a dividend of $0.445 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.78 dividend on an annualized basis and a yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 99.44%.

Institutional Trading of First Industrial Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC purchased a new position in shares of First Industrial Realty Trust during the 3rd quarter worth $26,000. Mather Group LLC. acquired a new stake in First Industrial Realty Trust during the third quarter worth about $39,000. Elevation Point Wealth Partners LLC purchased a new position in First Industrial Realty Trust during the second quarter worth about $40,000. SJS Investment Consulting Inc. purchased a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at approximately $47,000. Finally, Danske Bank A S purchased a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at approximately $51,000. 99.85% of the stock is owned by institutional investors and hedge funds.

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.