First Industrial Realty Trust (NYSE:FR) Price Target Raised to $56.00 at Mizuho

Key Points

• Investment analysts at Mizuho have raised the price target for First Industrial Realty Trust (NYSE:FR) from $53.00 to $56.00, suggesting a potential upside of 7.25% from the current stock price.
• The company reported a quarterly earnings of $0.76 per share, exceeding the consensus estimate of $0.72, with revenue increasing by 9.8% year-over-year.
• First Industrial Realty Trust has a consensus rating of "Hold" with five analysts recommending a Buy and six rating it as Hold.

First Industrial Realty Trust (NYSE:FR - Get Free Report) had its price target hoisted by investment analysts at Mizuho from $53.00 to $56.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the real estate investment trust's stock. Mizuho's price objective points to a potential upside of 7.25% from the stock's current price.

Several other equities analysts have also commented on the stock. Wall Street Zen upgraded shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Wells Fargo & Company lowered their price objective on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Finally, Scotiabank increased their price objective on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 27th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $54.80.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $52.21 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a fifty day moving average price of $49.72 and a 200 day moving average price of $50.32. 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 market cap of $6.91 billion, a price-to-earnings ratio of 25.47 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $176.46 million. During the same quarter last year, the business earned $0.66 earnings per share. First Industrial Realty Trust's quarterly revenue was up 9.8% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. As a group, sell-side analysts expect that First Industrial Realty Trust will post 2.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its stake in First Industrial Realty Trust by 93.0% in the 1st quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock worth $25,000 after buying an additional 225 shares during the period. Alpine Bank Wealth Management purchased a new position in First Industrial Realty Trust in the 1st quarter worth about $26,000. Elevation Point Wealth Partners LLC purchased a new position in First Industrial Realty Trust in the 2nd quarter worth about $40,000. Parallel Advisors LLC increased its stake in First Industrial Realty Trust by 285.1% in the 1st quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock worth $60,000 after buying an additional 821 shares during the period. Finally, True Wealth Design LLC increased its stake in First Industrial Realty Trust by 988.7% in the 2nd quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust's stock worth $60,000 after buying an additional 1,137 shares during the period. Hedge funds and other institutional investors own 99.85% of the company's stock.

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.

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