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First Industrial Realty Trust, Inc. (NYSE:FR) Receives Consensus Rating of "Moderate Buy" from Brokerages

First Industrial Realty Trust logo with Finance background

Key Points

  • First Industrial Realty Trust, Inc. has received a consensus rating of “Moderate Buy” from twelve research firms, with an average twelve-month price target of $55.91.
  • Institutional investors own a significant majority, with 99.85% of the company's stock held by large investors like Invesco Ltd. and Norges Bank, indicating strong institutional confidence.
  • The company reported $0.76 earnings per share for the latest quarter, surpassing analyst estimates and marking a 9.8% increase in revenue year-over-year.
  • Five stocks we like better than First Industrial Realty Trust.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve analysts that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $55.91.

A number of brokerages have issued reports on FR. Scotiabank upped their target price on First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Royal Bank Of Canada reduced their price target on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Truist Financial reduced their price target on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price target on First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen upgraded First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th.

View Our Latest Report on FR

First Industrial Realty Trust Price Performance

FR traded down $0.84 on Friday, reaching $47.88. The stock had a trading volume of 810,800 shares, compared to its average volume of 1,368,101. First Industrial Realty Trust has a fifty-two week low of $40.31 and a fifty-two week high of $58.17. The firm has a 50-day moving average of $49.29 and a 200-day moving average of $51.02. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 23.36 and a beta of 1.04.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%. The business had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that First Industrial Realty Trust will post 2.89 EPS for the current year.

Institutional Investors Weigh In On First Industrial Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp boosted its position in shares of First Industrial Realty Trust by 15.9% during the 2nd quarter. Fifth Third Bancorp now owns 1,503 shares of the real estate investment trust's stock valued at $72,000 after purchasing an additional 206 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Industrial Realty Trust by 1.1% during the 1st quarter. Cetera Investment Advisers now owns 19,500 shares of the real estate investment trust's stock valued at $1,052,000 after purchasing an additional 220 shares in the last quarter. Stifel Financial Corp boosted its position in shares of First Industrial Realty Trust by 0.9% during the 4th quarter. Stifel Financial Corp now owns 26,121 shares of the real estate investment trust's stock valued at $1,309,000 after purchasing an additional 222 shares in the last quarter. Bessemer Group Inc. boosted its holdings in First Industrial Realty Trust by 93.0% in the first quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 225 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its holdings in First Industrial Realty Trust by 0.5% in the first quarter. Great Lakes Advisors LLC now owns 49,137 shares of the real estate investment trust's stock worth $2,651,000 after acquiring an additional 236 shares in the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Company Profile

(Get Free Report

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.

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

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