First Industrial Realty Trust (NYSE:FR) Given Buy Rating at Mizuho

First Industrial Realty Trust (NYSE:FR - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Mizuho in a research note issued on Tuesday, Benzinga reports. They presently have a $58.00 price objective on the real estate investment trust's stock. Mizuho's target price suggests a potential upside of 13.26% from the company's current price.

Several other analysts have also weighed in on the company. The Goldman Sachs Group lifted their price objective 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. Barclays reissued an "equal weight" rating and set a $53.00 price objective (down previously from $63.00) on shares of First Industrial Realty Trust in a report on Wednesday, March 27th. Wells Fargo & Company began coverage on First Industrial Realty Trust in a report on Thursday, December 7th. They set an "equal weight" rating on the stock. Truist Financial lifted their price objective 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. Finally, Royal Bank of Canada lifted their price objective on First Industrial Realty Trust from $55.00 to $60.00 and gave the stock an "outperform" rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $55.30.

First Industrial Realty Trust Stock Down 0.9 %

Shares of NYSE FR traded down $0.45 during mid-day trading on Tuesday, reaching $51.21. 755,979 shares of the company traded hands, compared to its average volume of 1,154,362. First Industrial Realty Trust has a fifty-two week low of $40.44 and a fifty-two week high of $55.22. The stock has a market cap of $6.78 billion, a PE ratio of 24.74 and a beta of 1.01. The company's fifty day moving average is $52.82 and its two-hundred day moving average is $49.74. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.06.

Hedge Funds Weigh In On First Industrial Realty Trust

Several institutional investors have recently bought and sold shares of FR. Neo Ivy Capital Management bought a new position in First Industrial Realty Trust in the 2nd quarter valued at $28,000. Quarry LP raised its position in First Industrial Realty Trust by 1,004.7% in the 2nd quarter. Quarry LP now owns 707 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 643 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in First Industrial Realty Trust in the 1st quarter valued at $46,000. EdgeRock Capital LLC bought a new position in First Industrial Realty Trust in the 4th quarter valued at $56,000. Finally, C M Bidwell & Associates Ltd. raised its position in First Industrial Realty Trust by 119.5% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 1,405 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 765 shares during the last quarter. 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.