First Industrial Realty Trust, Inc. (NYSE:FR) Receives Consensus Recommendation of “Hold” from Analysts

First Industrial Realty Trust, Inc. (NYSE:FR) has earned an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $54.80.

A number of research analysts recently commented on FR shares. Scotiabank increased their target price on shares of 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. Mizuho raised their target price on First Industrial Realty Trust from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, September 8th. Finally, Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 12th.

First Industrial Realty Trust Trading Down 1.4%

Shares of NYSE:FR opened at $51.12 on Friday. First Industrial Realty Trust has a 52 week low of $40.31 and a 52 week high of $58.17. The company’s 50 day moving average is $50.47 and its two-hundred day moving average is $49.96. The company has a market cap of $6.77 billion, a PE ratio of 24.94 and a beta of 1.08. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The firm had revenue of $180.16 million during the quarter, compared to the consensus estimate of $176.46 million. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. Equities analysts predict that First Industrial Realty Trust will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be paid a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.78 annualized dividend and a yield of 3.5%. First Industrial Realty Trust’s payout ratio is presently 86.83%.

Hedge Funds Weigh In On First Industrial Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp raised its stake in shares of First Industrial Realty Trust by 15.9% during the second quarter. Fifth Third Bancorp now owns 1,503 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 206 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of First Industrial Realty Trust by 1.1% during the 1st quarter. Cetera Investment Advisers now owns 19,500 shares of the real estate investment trust’s stock worth $1,052,000 after acquiring an additional 220 shares in the last quarter. Bessemer Group Inc. increased its stake in First Industrial Realty Trust by 93.0% in the 1st quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 225 shares during the last quarter. ProShare Advisors LLC raised its holdings in First Industrial Realty Trust by 4.0% during the second quarter. ProShare Advisors LLC now owns 5,870 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 228 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its holdings in shares of First Industrial Realty Trust by 0.5% in the 1st quarter. Great Lakes Advisors LLC now owns 49,137 shares of the real estate investment trust’s stock valued at $2,651,000 after buying an additional 236 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.