First Industrial Realty Trust (NYSE:FR) Now Covered by Analysts at Cantor Fitzgerald

Key Points

• First Industrial Realty Trust has been upgraded to a "hold" rating by analysts at Cantor Fitzgerald, reflecting a more cautious outlook on the company's stock.
• Scotiabank has raised its price target on the stock from $51.00 to $54.00, indicating positive sentiment among some analysts.
• The company's quarterly earnings report showed a net margin of 38.70% with revenues up 9.8% year-over-year, beating analysts' expectations.

Analysts at Cantor Fitzgerald assumed coverage on shares of First Industrial Realty Trust (NYSE:FR - Get Free Report) in a report released on Wednesday, MarketBeat Ratings reports. The firm set a "neutral" rating and a $55.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's target price points to a potential upside of 5.49% from the stock's current price.

FR has been the subject of a number of other research reports. Scotiabank lifted their price objective on 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. Mizuho lifted their price objective on First Industrial Realty Trust from $53.00 to $56.00 and gave the company an "outperform" rating in a research report on Monday, September 8th. Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Industrial Alliance Securities set a $55.00 price objective on First Industrial Realty Trust in a research report on Wednesday. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $60.00 price objective on shares of First Industrial Realty Trust in a research report on Monday. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, First Industrial Realty Trust has a consensus rating of "Hold" and a consensus target price of $55.00.

First Industrial Realty Trust Stock Performance

Shares of First Industrial Realty Trust stock opened at $52.14 on Wednesday. The stock has a market cap of $6.90 billion, a PE ratio of 25.43 and a beta of 1.07. The business has a fifty day simple moving average of $50.61 and a 200-day simple moving average of $49.82. The company has a quick ratio of 1.04, a current ratio of 1.04 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 $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 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. The business had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%.First Industrial Realty Trust's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. On average, sell-side analysts anticipate that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

Hedge Funds Weigh In On First Industrial Realty Trust

A number of institutional investors have recently made changes to their positions in FR. Bessemer Group Inc. increased its stake in shares of 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 purchasing an additional 225 shares during the period. Alpine Bank Wealth Management bought a new position in shares of First Industrial Realty Trust in the first quarter worth about $26,000. Elevation Point Wealth Partners LLC bought a new position in shares of First Industrial Realty Trust in the second quarter worth about $40,000. Parallel Advisors LLC increased its stake in shares of First Industrial Realty Trust by 285.1% in the first quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 821 shares during the period. Finally, True Wealth Design LLC increased its stake in shares of First Industrial Realty Trust by 988.7% in the second quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 1,137 shares during the period. 99.85% of the stock is currently owned by institutional investors.

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.