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

First Industrial Realty Trust, Inc. (NYSE:FRGet Rating) has earned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $53.73.

Separately, StockNews.com started coverage on shares of First Industrial Realty Trust in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

Shares of FR stock opened at $53.36 on Friday. The firm has a 50 day moving average price of $59.69 and a two-hundred day moving average price of $60.53. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $7.04 billion, a PE ratio of 28.53 and a beta of 0.93. First Industrial Realty Trust has a 12-month low of $49.08 and a 12-month high of $66.74.

First Industrial Realty Trust (NYSE:FRGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. First Industrial Realty Trust had a net margin of 50.47% and a return on equity of 11.40%. The firm had revenue of $125.50 million during the quarter, compared to the consensus estimate of $123.45 million. During the same period last year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, research analysts expect that First Industrial Realty Trust will post 2.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 18th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.18 annualized dividend and a yield of 2.21%. First Industrial Realty Trust’s dividend payout ratio is currently 63.10%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Advisory LLC acquired a new position in First Industrial Realty Trust during the fourth quarter valued at approximately $33,000. MUFG Americas Holdings Corp grew its stake in shares of First Industrial Realty Trust by 97.3% during the fourth quarter. MUFG Americas Holdings Corp now owns 517 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 255 shares during the last quarter. Sageworth Trust Co of South Dakota bought a new stake in shares of First Industrial Realty Trust during the fourth quarter worth $35,000. Koshinski Asset Management Inc. bought a new stake in shares of First Industrial Realty Trust during the fourth quarter worth $36,000. Finally, Meeder Asset Management Inc. grew its stake in shares of First Industrial Realty Trust by 83.1% during the third quarter. Meeder Asset Management Inc. now owns 727 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 330 shares during the last quarter. Institutional investors and hedge funds own 96.39% of the company’s stock.

First Industrial Realty Trust Company Profile (Get Rating)

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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Analyst Recommendations for First Industrial Realty Trust (NYSE:FR)

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