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

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

A number of analysts recently weighed in on the company. KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Barclays lowered their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target for the company.

Institutional Investors Weigh In On First Industrial Realty Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new position in First Industrial Realty Trust in the 2nd quarter valued at approximately $271,000. Handelsbanken Fonder AB boosted its position in shares of First Industrial Realty Trust by 14.1% during the third quarter. Handelsbanken Fonder AB now owns 38,874 shares of the real estate investment trust’s stock valued at $2,176,000 after buying an additional 4,800 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of First Industrial Realty Trust by 132.7% in the third quarter. GAMMA Investing LLC now owns 1,103 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 629 shares during the period. UMB Bank n.a. lifted its position in First Industrial Realty Trust by 116.2% during the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 466 shares during the period. Finally, Creative Planning bought a new position in First Industrial Realty Trust during the third quarter valued at approximately $258,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $56.04 on Friday. The stock has a market cap of $7.42 billion, a P/E ratio of 25.71 and a beta of 1.09. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The business’s 50-day moving average price is $51.65 and its two-hundred day moving average price is $53.52. First Industrial Realty Trust has a twelve month low of $45.10 and a twelve month high of $57.35.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.36. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. As a group, equities analysts predict that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be paid a dividend of $0.445 per share. The ex-dividend date is Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 3.18%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s payout ratio is presently 67.89%.

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.