First Industrial Realty Trust Inc. (NYSE:FR) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $24.67.

A number of analysts recently commented on the stock. Jefferies Group reiterated a “hold” rating on shares of First Industrial Realty Trust in a report on Thursday, August 18th. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, August 2nd.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. increased its position in shares of First Industrial Realty Trust by 50.7% in the second quarter. Macquarie Group Ltd. now owns 1,243,091 shares of the real estate investment trust’s stock worth $34,583,000 after buying an additional 418,363 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of First Industrial Realty Trust by 8.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 20,180 shares of the real estate investment trust’s stock worth $561,000 after buying an additional 1,603 shares during the last quarter. Mason Street Advisors LLC bought a new position in shares of First Industrial Realty Trust during the second quarter worth approximately $1,482,000. Public Employees Retirement System of Ohio increased its position in shares of First Industrial Realty Trust by 2.2% in the second quarter. Public Employees Retirement System of Ohio now owns 124,236 shares of the real estate investment trust’s stock worth $3,456,000 after buying an additional 2,629 shares during the last quarter. Finally, Calvert Investment Management Inc. bought a new position in shares of First Industrial Realty Trust during the second quarter worth approximately $10,315,000. 99.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of First Industrial Realty Trust (NYSE:FR) traded down 1.116% during trading on Monday, hitting $27.905. 268,521 shares of the stock were exchanged. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 25.577 and a beta of 1.19. The stock’s 50 day moving average is $28.46 and its 200-day moving average is $26.15. First Industrial Realty Trust has a 12-month low of $18.89 and a 12-month high of $29.75.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Thursday, July 28th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. First Industrial Realty Trust had a net margin of 33.13% and a return on equity of 10.85%. The business had revenue of $93.01 million for the quarter, compared to the consensus estimate of $94.29 million. During the same period in the previous year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts anticipate that First Industrial Realty Trust will post $0.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, September 28th. First Industrial Realty Trust’s payout ratio is presently 69.73%.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc is a real estate investment trust (REIT). The Trust is a self-administered real estate company, which owns, manages, acquires, sells, develops and redevelops industrial real estate. The Company owns approximately 590 in-service industrial properties containing approximately 63.6 million square feet of gross leasable area (GLA).

5 Day Chart for NYSE:FR

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