First Industrial Realty Trust (NYSE:FR) Downgraded to "Neutral" at Wedbush

First Industrial Realty Trust (NYSE:FR - Get Free Report) was downgraded by investment analysts at Wedbush from an "outperform" rating to a "neutral" rating in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a $49.00 price objective on the real estate investment trust's stock, down from their prior price objective of $59.00. Wedbush's price objective indicates a potential upside of 6.41% from the company's previous close.

A number of other analysts have also weighed in on FR. Truist Financial upped their target price on First Industrial Realty Trust from $57.00 to $59.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. The Goldman Sachs Group upped their target price on First Industrial Realty Trust from $41.00 to $47.00 and gave the stock a "sell" rating in a report on Thursday, January 11th. TheStreet raised First Industrial Realty Trust from a "c+" rating to a "b-" rating in a research report on Thursday, January 11th. Barclays reaffirmed an "equal weight" rating and set a $53.00 price target (down from $63.00) on shares of First Industrial Realty Trust in a research report on Wednesday, March 27th. Finally, Mizuho reaffirmed a "buy" rating and set a $58.00 price target on shares of First Industrial Realty Trust in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $53.11.

First Industrial Realty Trust Stock Up 0.0 %

First Industrial Realty Trust stock traded up $0.02 during mid-day trading on Thursday, reaching $46.05. 1,377,631 shares of the company were exchanged, compared to its average volume of 1,187,098. The business has a fifty day moving average of $51.73 and a 200 day moving average of $49.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 1.25. The firm has a market cap of $6.09 billion, a P/E ratio of 21.22 and a beta of 1.01. First Industrial Realty Trust has a 12-month low of $40.44 and a 12-month high of $55.22.

Hedge Funds Weigh In On First Industrial Realty Trust

Several hedge funds have recently made changes to their positions in FR. SG Americas Securities LLC boosted its holdings in First Industrial Realty Trust by 27.7% in the third quarter. SG Americas Securities LLC now owns 20,506 shares of the real estate investment trust's stock valued at $976,000 after purchasing an additional 4,447 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in First Industrial Realty Trust by 6.2% in the third quarter. Commonwealth Equity Services LLC now owns 74,187 shares of the real estate investment trust's stock valued at $3,531,000 after purchasing an additional 4,362 shares during the last quarter. Raymond James & Associates boosted its holdings in First Industrial Realty Trust by 8.0% in the third quarter. Raymond James & Associates now owns 18,098 shares of the real estate investment trust's stock valued at $861,000 after purchasing an additional 1,344 shares during the last quarter. Bailard Inc. boosted its holdings in First Industrial Realty Trust by 34.5% in the third quarter. Bailard Inc. now owns 16,000 shares of the real estate investment trust's stock valued at $761,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in First Industrial Realty Trust by 9.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,536 shares of the real estate investment trust's stock valued at $3,452,000 after purchasing an additional 6,203 shares during the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

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.