Weiss Ratings Reiterates Hold (C) Rating for First Industrial Realty Trust (NYSE:FR)

Key Points

• Weiss Ratings has reiterated a "hold" rating for First Industrial Realty Trust (NYSE:FR), reflecting a cautious stance on the stock amid varying assessments from other brokerages.
• Several analysts have upgraded or initiated coverage on First Industrial Realty Trust, with price targets ranging from $54.00 to $60.00, indicating a mixed but generally positive outlook.
• First Industrial Realty Trust reported earnings of $0.76 per share for the last quarter, exceeding analyst expectations and showing a 9.8% year-over-year revenue increase.

First Industrial Realty Trust (NYSE:FR - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently weighed in on FR. Cantor Fitzgerald initiated coverage on First Industrial Realty Trust in a research report on Wednesday, October 1st. They set a "neutral" rating and a $55.00 price target on the stock. Scotiabank upped their price target on First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 27th. Royal Bank Of Canada reiterated an "outperform" rating and set a $60.00 price target on shares of First Industrial Realty Trust in a research report on Monday, September 29th. Mizuho upped their price target on First Industrial Realty Trust from $53.00 to $56.00 and gave the company an "outperform" rating in a research report on Monday, September 8th. Finally, Wall Street Zen upgraded First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $55.00.

First Industrial Realty Trust Trading Up 0.1%

Shares of First Industrial Realty Trust stock opened at $51.69 on Wednesday. First Industrial Realty Trust has a 52-week low of $40.31 and a 52-week high of $58.17. The stock's 50-day simple moving average is $50.80 and its 200 day simple moving average is $49.71. The stock has a market capitalization of $6.84 billion, a P/E ratio of 25.21 and a beta of 1.07. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.04 and a current ratio of 1.04.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.04. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%.The business had revenue of $180.16 million for the quarter, compared to analysts' expectations of $176.46 million. During the same period in the previous year, the business posted $0.66 EPS. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. As a group, research analysts anticipate that First Industrial Realty Trust will post 2.89 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Aaron Wealth Advisors LLC bought a new position in First Industrial Realty Trust during the third quarter valued at approximately $1,134,000. Corient Private Wealth LLC grew its position in First Industrial Realty Trust by 0.9% during the second quarter. Corient Private Wealth LLC now owns 26,595 shares of the real estate investment trust's stock valued at $1,280,000 after acquiring an additional 229 shares during the last quarter. Texas Permanent School Fund Corp grew its position in First Industrial Realty Trust by 8.4% during the second quarter. Texas Permanent School Fund Corp now owns 96,383 shares of the real estate investment trust's stock valued at $4,639,000 after acquiring an additional 7,499 shares during the last quarter. Osaic Holdings Inc. grew its position in First Industrial Realty Trust by 158.3% during the second quarter. Osaic Holdings Inc. now owns 4,859 shares of the real estate investment trust's stock valued at $235,000 after acquiring an additional 2,978 shares during the last quarter. Finally, Orion Porfolio Solutions LLC grew its position in First Industrial Realty Trust by 14.3% during the second quarter. Orion Porfolio Solutions LLC now owns 11,471 shares of the real estate investment trust's stock valued at $552,000 after acquiring an additional 1,439 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

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.

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