Analysts Set First Industrial Realty Trust, Inc. (NYSE:FR) PT at $55.00

First Industrial Realty Trust, Inc. (NYSE:FR) has earned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $55.00.

Several equities analysts have commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $60.00 price objective on shares of First Industrial Realty Trust in a research report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Industrial Realty Trust in a research report on Wednesday, October 8th. Mizuho increased their price objective on shares of 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. Scotiabank increased their price objective 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. Finally, Industrial Alliance Securities set a $55.00 target price on shares of First Industrial Realty Trust in a report on Wednesday, October 1st.

First Industrial Realty Trust Price Performance

FR stock opened at $55.15 on Wednesday. First Industrial Realty Trust has a 52 week low of $40.31 and a 52 week high of $58.17. The company has a quick ratio of 1.04, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $51.41 and a two-hundred day simple moving average of $49.64. The firm has a market capitalization of $7.30 billion, a P/E ratio of 30.81 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. First Industrial Realty Trust had a net margin of 33.18% and a return on equity of 8.65%. The business had revenue of $181.43 million during the quarter, compared to analyst estimates of $182.63 million. During the same quarter last year, the business earned $0.69 earnings per share. First Industrial Realty Trust’s quarterly revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. Analysts anticipate that First Industrial Realty Trust will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 86.83%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in First Industrial Realty Trust by 15.9% during the 2nd quarter. Fifth Third Bancorp now owns 1,503 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 206 shares during the period. Cetera Investment Advisers increased its position in 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 valued at $1,052,000 after purchasing an additional 220 shares during the period. Bessemer Group Inc. increased its position in First Industrial Realty Trust by 93.0% during the 1st 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 period. ProShare Advisors LLC increased its position in First Industrial Realty Trust by 4.0% during the 2nd quarter. ProShare Advisors LLC now owns 5,870 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 228 shares during the period. Finally, Corient Private Wealth LLC increased its position in First Industrial Realty Trust by 0.9% during the 2nd quarter. Corient Private Wealth LLC now owns 26,595 shares of the real estate investment trust’s stock valued at $1,280,000 after purchasing an additional 229 shares during the period. Hedge funds and other institutional investors own 99.85% of the company’s stock.

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.