The Goldman Sachs Group Issues Pessimistic Forecast for First Industrial Realty Trust (NYSE:FR) Stock Price

First Industrial Realty Trust (NYSE:FR - Get Free Report) had its price target reduced by equities research analysts at The Goldman Sachs Group from $59.00 to $51.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the real estate investment trust's stock. The Goldman Sachs Group's target price would indicate a potential upside of 7.85% from the stock's current price.

Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price target for the company. Barclays reissued a "cautious" rating on shares of First Industrial Realty Trust in a research report on Tuesday, March 25th. Robert W. Baird upped their price target on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, Scotiabank lowered their price objective on First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $57.83.

First Industrial Realty Trust Stock Down 0.7 %

FR traded down $0.34 on Tuesday, hitting $47.29. The company had a trading volume of 801,446 shares, compared to its average volume of 1,122,275. The stock has a fifty day simple moving average of $52.06 and a 200-day simple moving average of $52.49. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The firm has a market capitalization of $6.26 billion, a P/E ratio of 21.69 and a beta of 1.07. First Industrial Realty Trust has a 52-week low of $40.31 and a 52-week high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results 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). First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. The firm had revenue of $177.07 million during the quarter, compared to the consensus estimate of $176.98 million. As a group, equities analysts expect that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

Institutional Trading of First Industrial Realty Trust

A number of institutional investors have recently made changes to their positions in FR. Bessemer Group Inc. raised its holdings in shares of First Industrial Realty Trust by 93.0% during the first quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 225 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in First Industrial Realty Trust in the 1st quarter worth approximately $26,000. Versant Capital Management Inc raised its stake in First Industrial Realty Trust by 92.5% during the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 481 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of First Industrial Realty Trust by 24.7% during the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 214 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of First Industrial Realty Trust by 200.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock worth $56,000 after buying an additional 747 shares during the last quarter. Hedge funds and other 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.