First Industrial Realty Trust, Inc. (NYSE:FR) Receives $54.80 Consensus Target Price from Analysts

Key Points

• First Industrial Realty Trust, Inc. has received an average rating of "Hold" from eleven analysts, with six giving hold recommendations and five recommending to buy the stock.
• The company reported a $0.76 EPS for the latest quarter, surpassing analysts' expectations, alongside a year-over-year revenue increase of 9.8%.
• A quarterly dividend of $0.445 has been declared, reflecting an annualized yield of 3.4%, payable on October 20th.

First Industrial Realty Trust, Inc. (NYSE:FR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven brokerages that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $54.80.

Several research analysts have commented on the stock. Wall Street Zen raised shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Scotiabank raised their price objective on First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a report on Wednesday, August 27th. Finally, Mizuho raised their price objective on First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, September 8th.

Hedge Funds Weigh In On First Industrial Realty Trust

Hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in First Industrial Realty Trust during the second quarter valued at $272,085,000. Rush Island Management LP bought a new position in First Industrial Realty Trust during the second quarter valued at about $79,904,000. Cbre Investment Management Listed Real Assets LLC increased its stake in First Industrial Realty Trust by 381.2% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,070,197 shares of the real estate investment trust's stock valued at $111,708,000 after acquiring an additional 1,639,952 shares during the period. PGGM Investments bought a new position in First Industrial Realty Trust during the second quarter valued at about $77,038,000. Finally, AQR Capital Management LLC increased its stake in First Industrial Realty Trust by 491.9% during the second quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust's stock valued at $89,291,000 after acquiring an additional 1,541,778 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Price Performance

Shares of First Industrial Realty Trust stock traded down $0.07 during mid-day trading on Friday, reaching $51.93. 15,126 shares of the stock were exchanged, compared to its average volume of 1,213,135. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 25.33 and a beta of 1.08. 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 firm has a 50-day simple moving average of $50.38 and a 200 day simple moving average of $49.94. First Industrial Realty Trust has a fifty-two week low of $40.31 and a fifty-two week high of $58.17.

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 for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The business had revenue of $180.16 million for the quarter, compared to the consensus estimate of $176.46 million. During the same period in the previous year, the company earned $0.66 earnings per share. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. On average, sell-side analysts predict that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be paid a $0.445 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.4%. First Industrial Realty Trust's dividend payout ratio (DPR) is 86.83%.

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.