First Industrial Realty Trust, Inc. (NYSE:FR) Given Average Rating of "Hold" by Brokerages

Shares of First Industrial Realty Trust, Inc. (NYSE:FR - Get Free Report) have been assigned a consensus rating of "Hold" from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $57.58.

A number of equities research analysts have issued reports on the stock. Barclays reissued a "cautious" rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th. JPMorgan Chase & Co. decreased their target price on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Monday. Robert W. Baird lifted their target price on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Scotiabank decreased their target price on shares of First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Finally, The Goldman Sachs Group decreased their target price on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FR. Howard Capital Management Group LLC bought a new position in First Industrial Realty Trust in the 3rd quarter worth $206,000. Barclays PLC increased its stake in First Industrial Realty Trust by 34.6% during the third quarter. Barclays PLC now owns 131,111 shares of the real estate investment trust's stock valued at $7,341,000 after acquiring an additional 33,702 shares during the period. Sanctuary Advisors LLC increased its stake in First Industrial Realty Trust by 60.7% during the third quarter. Sanctuary Advisors LLC now owns 9,463 shares of the real estate investment trust's stock valued at $509,000 after acquiring an additional 3,576 shares during the period. Tidal Investments LLC raised its holdings in First Industrial Realty Trust by 20.1% in the 3rd quarter. Tidal Investments LLC now owns 82,537 shares of the real estate investment trust's stock valued at $4,620,000 after acquiring an additional 13,827 shares in the last quarter. Finally, Synovus Financial Corp lifted its position in shares of First Industrial Realty Trust by 96.3% in the 3rd quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust's stock worth $1,588,000 after acquiring an additional 13,922 shares during the period. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Trading Up 0.9 %

First Industrial Realty Trust stock traded up $0.44 during midday trading on Wednesday, reaching $47.75. The stock had a trading volume of 1,045,647 shares, compared to its average volume of 1,121,968. The firm's fifty day simple moving average is $51.90 and its two-hundred day simple moving average is $52.43. First Industrial Realty Trust has a twelve month low of $40.31 and a twelve month high of $58.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 21.90 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. The firm had revenue of $177.07 million during the quarter, compared to analyst estimates of $176.98 million. Equities analysts anticipate that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's dividend payout ratio (DPR) is 88.12%.

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.