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

First Industrial Realty Trust (NYSE:FR - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

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

First Industrial Realty Trust Trading Up 0.6%

FR stock opened at $49.39 on Friday. 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 1-year low of $40.31 and a 1-year high of $58.17. The business has a 50 day simple moving average of $49.33 and a two-hundred day simple moving average of $51.03. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 24.45 and a beta of 1.07.

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 analysts' consensus estimates of $0.70 by ($0.02). First Industrial Realty Trust had a return on equity of 9.82% and a net margin of 39.04%. The firm had revenue of $177.07 million during the quarter, compared to the consensus estimate of $176.98 million. Research analysts anticipate that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

Institutional Investors Weigh In On First Industrial Realty Trust

Large investors have recently added to or reduced their stakes in the stock. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of First Industrial Realty Trust during the 2nd quarter worth $262,000. Exchange Traded Concepts LLC increased its position in First Industrial Realty Trust by 52.7% during the 2nd quarter. Exchange Traded Concepts LLC now owns 25,337 shares of the real estate investment trust's stock valued at $1,219,000 after purchasing an additional 8,743 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of First Industrial Realty Trust by 384.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 48,140 shares of the real estate investment trust's stock valued at $2,367,000 after purchasing an additional 38,205 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of First Industrial Realty Trust by 8.6% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,474 shares of the real estate investment trust's stock worth $1,419,000 after purchasing an additional 2,338 shares during the period. Finally, Pallas Capital Advisors LLC bought a new position in shares of First Industrial Realty Trust during the second quarter valued at approximately $1,156,000. 99.85% of the stock is owned by hedge funds and other 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.

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