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

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) have been assigned a consensus rating of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $57.8462.

FR has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of First Industrial Realty Trust in a report on Friday, October 31st. Cantor Fitzgerald assumed coverage on shares of First Industrial Realty Trust in a report on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 price target on the stock. Barclays set a $54.00 price target on First Industrial Realty Trust in a research report on Monday, November 3rd. Wells Fargo & Company increased their price target on First Industrial Realty Trust from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd.

First Industrial Realty Trust Price Performance

FR opened at $58.24 on Monday. 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 $59.43. The stock has a 50-day moving average price of $56.73 and a 200-day moving average price of $52.62. The stock has a market capitalization of $7.71 billion, a P/E ratio of 32.54 and a beta of 1.13.

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

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Wednesday, December 31st will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, December 31st. First Industrial Realty Trust’s payout ratio is presently 99.44%.

Insider Activity at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the transaction, the executive directly owned 3,770 shares of the company’s stock, valued at approximately $220,054.90. This represents a 15.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.94% of the company’s stock.

Institutional Trading of First Industrial Realty Trust

Several large investors have recently modified their holdings of FR. Norges Bank bought a new stake in shares of First Industrial Realty Trust in the 2nd quarter valued at approximately $272,085,000. Rush Island Management LP bought a new stake in First Industrial Realty Trust in the second quarter worth about $79,904,000. PGGM Investments acquired a new stake in shares of First Industrial Realty Trust during the 2nd quarter valued at $77,038,000. AQR Capital Management LLC increased its position in shares of First Industrial Realty Trust by 491.9% in the second quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust’s stock worth $89,291,000 after acquiring an additional 1,541,778 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. acquired a new position in First Industrial Realty Trust during the third quarter valued at $74,584,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.

About First Industrial Realty Trust

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.