First Industrial Realty Trust (NYSE:FR) Price Target Raised to $62.00

First Industrial Realty Trust (NYSE:FR) had its target price lifted by Mizuho from $56.00 to $62.00 in a research note published on Thursday,Benzinga reports. Mizuho currently has an outperform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of First Industrial Realty Trust in a report on Friday, October 31st. Barclays set a $54.00 target price on shares of First Industrial Realty Trust in a research report on Monday, November 3rd. The Goldman Sachs Group lifted their price target on shares of First Industrial Realty Trust from $53.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. UBS Group set a $62.00 price target on First Industrial Realty Trust in a research note on Thursday. Finally, Industrial Alliance Securities set a $55.00 price objective on First Industrial Realty Trust in a research note on Wednesday, October 1st. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, First Industrial Realty Trust presently has an average rating of “Hold” and an average price target of $57.85.

First Industrial Realty Trust Stock Performance

Shares of FR stock opened at $57.85 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. The stock has a 50 day simple moving average of $54.91 and a 200-day simple moving average of $51.65. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 32.32 and a beta of 1.13. First Industrial Realty Trust has a 12-month low of $40.31 and a 12-month high of $58.42.

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

First Industrial Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is 99.44%.

Institutional Investors Weigh In On First Industrial Realty Trust

Large investors have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC purchased a new position in First Industrial Realty Trust during the third quarter worth $26,000. Mather Group LLC. acquired a new stake in shares of First Industrial Realty Trust during the third quarter valued at $39,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of First Industrial Realty Trust during the second quarter valued at $40,000. SJS Investment Consulting Inc. purchased a new stake in First Industrial Realty Trust during the 3rd quarter worth about $47,000. Finally, Danske Bank A S acquired a new position in First Industrial Realty Trust in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Company Profile

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.