First Industrial Realty Trust (NYSE:FR) Given New $55.00 Price Target at Barclays

First Industrial Realty Trust (NYSE:FR) had its price objective dropped by equities researchers at Barclays from $56.00 to $55.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential upside of 3.81% from the stock’s previous close.

Several other equities analysts have also recently weighed in on FR. Truist Financial lifted their price objective on shares of First Industrial Realty Trust from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Scotiabank upped their price target 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. Mizuho increased their price objective on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Royal Bank of Canada lifted their target price on First Industrial Realty Trust from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group upped their target price on First Industrial Realty Trust from $46.00 to $52.00 and gave the company a “sell” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.83.

First Industrial Realty Trust Trading Up 0.6 %

Shares of NYSE FR opened at $52.98 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust has a 12 month low of $44.35 and a 12 month high of $57.35. The company has a market cap of $7.01 billion, a price-to-earnings ratio of 22.74 and a beta of 1.08. The business has a fifty day simple moving average of $54.53 and a 200-day simple moving average of $51.94.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The company had revenue of $167.60 million during the quarter, compared to analyst estimates of $164.01 million. During the same period in the prior year, the firm earned $0.62 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts predict that First Industrial Realty Trust will post 2.63 EPS for the current year.

Institutional Investors Weigh In On First Industrial Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of FR. Allspring Global Investments Holdings LLC lifted its holdings in First Industrial Realty Trust by 46.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of First Industrial Realty Trust by 1.1% in the third quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust’s stock worth $1,450,000 after buying an additional 278 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its stake in shares of First Industrial Realty Trust by 4.8% in the second quarter. Azzad Asset Management Inc. ADV now owns 6,472 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 295 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of First Industrial Realty Trust by 77.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 417 shares during the period. Finally, Fortem Financial Group LLC grew its stake in First Industrial Realty Trust by 4.6% in the 2nd quarter. Fortem Financial Group LLC now owns 9,868 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 438 shares during the last quarter. Institutional investors and hedge funds 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.