First Industrial Realty Trust, Inc. (NYSE:FR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) have been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $57.00.

Several analysts recently commented on the company. Barclays set a $54.00 target price on First Industrial Realty Trust in a report on Monday, November 3rd. Industrial Alliance Securities set a $55.00 target price on shares of First Industrial Realty Trust in a report on Wednesday, October 1st. Royal Bank Of Canada increased their price target on shares of First Industrial Realty Trust from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Mizuho lifted their price objective on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, September 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd.

First Industrial Realty Trust Stock Performance

Shares of NYSE FR opened at $55.83 on Thursday. The company has a 50 day simple moving average of $54.67 and a two-hundred day simple moving average of $51.56. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 31.19 and a beta of 1.13. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. First Industrial Realty Trust has a 12 month low of $40.31 and a 12 month high of $58.17.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. First Industrial Realty Trust had a net margin of 33.18% and a return on equity of 8.65%. The firm had revenue of $181.43 million during the quarter, compared to analysts’ expectations of $182.63 million. During the same quarter last year, the company posted $0.69 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. As a group, analysts predict that First Industrial Realty Trust will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Wednesday, December 31st will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 99.44%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in First Industrial Realty Trust by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 19,349,577 shares of the real estate investment trust’s stock valued at $1,044,103,000 after acquiring an additional 158,692 shares during the period. Norges Bank acquired a new position in First Industrial Realty Trust during the second quarter worth $272,085,000. Invesco Ltd. lifted its holdings in First Industrial Realty Trust by 2.0% during the first quarter. Invesco Ltd. now owns 4,364,135 shares of the real estate investment trust’s stock valued at $235,489,000 after purchasing an additional 87,229 shares in the last quarter. Prudential Financial Inc. grew its position in shares of First Industrial Realty Trust by 29.0% in the second quarter. Prudential Financial Inc. now owns 2,617,338 shares of the real estate investment trust’s stock valued at $137,215,000 after purchasing an additional 588,208 shares during the period. Finally, Citadel Advisors LLC increased its stake in shares of First Industrial Realty Trust by 70.8% during the third quarter. Citadel Advisors LLC now owns 2,498,172 shares of the real estate investment trust’s stock worth $128,581,000 after purchasing an additional 1,035,385 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

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.