Shares of First Industrial Realty Trust, Inc. (NYSE:FR – Get Free Report) have received an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $57.92.
A number of research analysts have issued reports on FR shares. Scotiabank lifted their target price on First Industrial Realty Trust from $55.00 to $58.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Barclays lifted their price target on shares of First Industrial Realty Trust from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of First Industrial Realty Trust from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group increased their target price on First Industrial Realty Trust from $46.00 to $52.00 and gave the company a “sell” rating in a research report on Friday, July 26th. Finally, Wolfe Research raised shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 price target for the company in a research note on Tuesday, August 13th.
Check Out Our Latest Research Report on FR
Institutional Trading of First Industrial Realty Trust
First Industrial Realty Trust Trading Up 1.4 %
Shares of FR stock opened at $54.53 on Friday. The stock has a 50 day simple moving average of $55.18 and a 200 day simple moving average of $51.10. First Industrial Realty Trust has a 1 year low of $40.44 and a 1 year high of $57.35. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a market cap of $7.22 billion, a P/E ratio of 25.13 and a beta of 1.08.
First Industrial Realty Trust (NYSE:FR – Get Free Report) last posted its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). The company had revenue of $164.10 million during the quarter, compared to analyst estimates of $163.48 million. First Industrial Realty Trust had a net margin of 44.46% and a return on equity of 10.72%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. On average, research analysts predict that First Industrial Realty Trust will post 2.62 earnings per share for the current fiscal year.
First Industrial Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be paid a $0.37 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 2.71%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 68.20%.
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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