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

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) have earned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $57.83.

Several analysts recently commented on the company. Barclays lowered their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. KeyCorp raised shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th.

First Industrial Realty Trust Stock Performance

Shares of FR stock opened at $48.52 on Monday. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 20.82 and a beta of 1.08. First Industrial Realty Trust has a one year low of $45.10 and a one year high of $57.35. The company’s 50-day simple moving average is $51.86 and its 200-day simple moving average is $53.13. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $167.60 million during the quarter, compared to analyst estimates of $164.01 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts anticipate that First Industrial Realty Trust will post 2.63 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 3.05%. First Industrial Realty Trust’s dividend payout ratio is 63.52%.

Institutional Investors Weigh In On First Industrial Realty Trust

Large investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of First Industrial Realty Trust in the third quarter valued at approximately $28,000. UMB Bank n.a. raised 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 worth $49,000 after acquiring an additional 466 shares during the period. Versant Capital Management Inc lifted its position in First Industrial Realty Trust by 92.5% during the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 481 shares during the last quarter. Blue Trust Inc. boosted its holdings in First Industrial Realty Trust by 201.9% during the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 636 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of First Industrial Realty Trust by 77.4% in the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 417 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

About First Industrial Realty Trust

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.