First Industrial Realty Trust (NYSE:FR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of First Industrial Realty Trust (NYSE:FR - Free Report) from a sell rating to a hold rating in a research note released on Saturday.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. reduced their target price on First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Monday, April 28th. 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 note on Tuesday, April 29th. Robert W. Baird lowered their price objective on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. The Goldman Sachs Group decreased their price objective on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, Scotiabank raised their price target on First Industrial Realty Trust from $50.00 to $51.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $55.91.

First Industrial Realty Trust Stock Down 0.9%

FR traded down $0.47 during trading on Friday, reaching $49.27. The company had a trading volume of 780,787 shares, compared to its average volume of 1,212,104. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.05. First Industrial Realty Trust has a 12 month low of $40.31 and a 12 month high of $58.17. The company has a market cap of $6.52 billion, a P/E ratio of 24.37 and a beta of 1.07. The business's fifty day moving average price is $49.33 and its 200 day moving average price is $51.03.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). The firm had revenue of $177.07 million during the quarter, compared to analyst estimates of $176.98 million. First Industrial Realty Trust had a net margin of 39.04% and a return on equity of 9.82%. Equities analysts anticipate that First Industrial Realty Trust will post 2.89 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 30th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Monday, June 30th. First Industrial Realty Trust's payout ratio is currently 88.12%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new stake in First Industrial Realty Trust in the 4th quarter worth about $1,463,000. Raymond James Financial Inc. purchased a new stake in shares of First Industrial Realty Trust during the fourth quarter valued at approximately $6,455,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in First Industrial Realty Trust by 34.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,655 shares of the real estate investment trust's stock valued at $4,845,000 after purchasing an additional 24,814 shares in the last quarter. HighTower Advisors LLC grew its stake in First Industrial Realty Trust by 15.7% during the 4th quarter. HighTower Advisors LLC now owns 6,918 shares of the real estate investment trust's stock valued at $347,000 after purchasing an additional 939 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its position in First Industrial Realty Trust by 23.7% in the 4th quarter. Great Lakes Advisors LLC now owns 48,901 shares of the real estate investment trust's stock worth $2,451,000 after purchasing an additional 9,379 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

About First Industrial Realty Trust

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.