First Industrial Realty Trust, Inc. (NYSE:FR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $62.4615.

Several equities analysts have recently commented on FR shares. 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 report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Monday, January 5th. Truist Financial increased their target price on First Industrial Realty Trust from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Industrial Alliance Securities set a $67.00 price target on shares of First Industrial Realty Trust in a report on Monday, January 5th. Finally, Mizuho upped their price target on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th.

First Industrial Realty Trust Stock Up 0.5%

Shares of NYSE:FR opened at $57.38 on Friday. The company’s fifty day moving average is $57.86 and its two-hundred day moving average is $54.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 0.91. First Industrial Realty Trust has a 1-year low of $40.31 and a 1-year high of $60.20. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 32.06 and a beta of 1.14.

Insider Buying and Selling

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total value of $39,691.60. Following the sale, the executive owned 3,770 shares in the company, valued at approximately $220,054.90. This trade represents a 15.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On First Industrial Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FR. Measured Wealth Private Client Group LLC acquired a new position in First Industrial Realty Trust during the 3rd quarter worth $26,000. Mather Group LLC. acquired a new stake in First Industrial Realty Trust in the third quarter worth about $39,000. Elevation Point Wealth Partners LLC bought a new position in First Industrial Realty Trust in the 2nd quarter valued at about $40,000. SJS Investment Consulting Inc. acquired a new position in First Industrial Realty Trust during the 3rd quarter valued at about $47,000. Finally, Danske Bank A S bought a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth about $51,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Company Profile

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.