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

First Industrial Realty Trust, Inc. (NYSE:FR) has been given an average rating of “Hold” by the twelve ratings firms that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $57.8462.

A number of brokerages have recently commented on FR. Weiss Ratings reissued 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 target on shares of First Industrial Realty Trust in a report on Monday, November 3rd. Wells Fargo & Company raised their target price on First Industrial Realty Trust from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. upped their target price on First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Finally, Scotiabank lifted their price target on shares of First Industrial Realty Trust from $54.00 to $57.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th.

Insider Activity

In related news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the sale, the executive owned 3,770 shares of the company’s stock, valued at approximately $220,054.90. This represents a 15.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FR. HighTower Advisors LLC raised its position in First Industrial Realty Trust by 42.0% during the first quarter. HighTower Advisors LLC now owns 9,822 shares of the real estate investment trust’s stock valued at $530,000 after purchasing an additional 2,904 shares in the last quarter. American Century Companies Inc. boosted its stake in First Industrial Realty Trust by 5.0% during the first quarter. American Century Companies Inc. now owns 46,219 shares of the real estate investment trust’s stock worth $2,494,000 after acquiring an additional 2,202 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of First Industrial Realty Trust by 6.1% in the first quarter. Raymond James Financial Inc. now owns 136,658 shares of the real estate investment trust’s stock worth $7,375,000 after acquiring an additional 7,899 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of First Industrial Realty Trust by 11.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 14,563 shares of the real estate investment trust’s stock valued at $786,000 after acquiring an additional 1,471 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in First Industrial Realty Trust in the 1st quarter worth about $219,000. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Trading Down 0.3%

FR stock opened at $58.24 on Monday. First Industrial Realty Trust has a twelve month low of $40.31 and a twelve month high of $59.43. The business has a fifty day moving average of $56.73 and a 200-day moving average of $52.62. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. The company has a market cap of $7.71 billion, a P/E ratio of 32.54 and a beta of 1.13.

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

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.78 annualized dividend and a yield of 3.1%. First Industrial Realty Trust’s dividend payout ratio is 99.44%.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.