First Industrial Realty Trust, Inc. (NYSE:FR – Get Free Report) has been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $53.42.
A number of research firms have recently commented on FR. Mizuho reiterated a “buy” rating and set a $58.00 target price on shares of First Industrial Realty Trust in a research report on Tuesday, April 2nd. Scotiabank reduced their price target on shares of First Industrial Realty Trust from $55.00 to $50.00 and set a “sector perform” rating for the company in a research report on Thursday, May 16th. Robert W. Baird lowered their price objective on shares of First Industrial Realty Trust from $62.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Wedbush downgraded shares of First Industrial Realty Trust from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $59.00 to $49.00 in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. lowered their price target on First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th.
Get Our Latest Stock Report on First Industrial Realty Trust
Institutional Investors Weigh In On First Industrial Realty Trust
First Industrial Realty Trust Stock Performance
Shares of FR opened at $47.04 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. The stock has a 50 day moving average price of $46.96 and a 200 day moving average price of $50.62. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 21.68 and a beta of 1.07. First Industrial Realty Trust has a 52-week low of $40.44 and a 52-week high of $55.22.
First Industrial Realty Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, June 28th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 68.20%.
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.
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