Brokerages Set First Industrial Realty Trust, Inc. (NYSE:FR) Target Price at $55.00

First Industrial Realty Trust, Inc. (NYSE:FR) has earned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $55.6667.

FR has been the topic of several research reports. Mizuho upped their target price on First Industrial Realty Trust from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, September 8th. Cantor Fitzgerald assumed coverage on First Industrial Realty Trust in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 target price on the stock. Scotiabank increased their price target on First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Industrial Realty Trust in a research report on Wednesday, October 8th.

Institutional Investors Weigh In On First Industrial Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. grew its position in First Industrial Realty Trust by 93.0% during the 1st quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 225 shares during the period. Alpine Bank Wealth Management acquired a new stake in First Industrial Realty Trust during the 1st quarter worth about $26,000. Mather Group LLC. purchased a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth about $39,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth about $40,000. Finally, SJS Investment Consulting Inc. purchased a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth about $47,000. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Price Performance

NYSE FR opened at $55.54 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.91 and a quick ratio of 1.04. The stock’s fifty day moving average price is $51.72 and its 200 day moving average price is $49.70. First Industrial Realty Trust has a 1 year low of $40.31 and a 1 year high of $58.17. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 31.03 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $182.63 million. During the same period in the prior year, the firm earned $0.69 EPS. The firm’s revenue 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 forecast that First Industrial Realty Trust will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 99.44%.

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.