First Industrial Realty Trust (NYSE:FR) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust (NYSE:FR) in a report released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a hold rating and a $52.00 price target on the real estate investment trust’s stock.

FR has been the topic of a number of other research reports. KeyCorp raised shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Barclays reduced their target price on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of “Hold” and a consensus price target of $57.38.

First Industrial Realty Trust Stock Up 2.5 %

Shares of FR opened at $51.38 on Tuesday. The company has a market capitalization of $6.80 billion, a P/E ratio of 22.05 and a beta of 1.08. First Industrial Realty Trust has a one year low of $45.10 and a one year high of $57.35. The business’s 50 day simple moving average is $51.65 and its 200-day simple moving average is $53.13. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11.

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, topping analysts’ consensus estimates of $0.67 by $0.08. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The company had revenue of $167.60 million for the quarter, compared to analyst estimates of $164.01 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts predict that First Industrial Realty Trust will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.88%. First Industrial Realty Trust’s dividend payout ratio is currently 63.52%.

Institutional Trading of First Industrial Realty Trust

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its position in shares of First Industrial Realty Trust by 10.0% in the 2nd quarter. American Century Companies Inc. now owns 42,763 shares of the real estate investment trust’s stock worth $2,032,000 after purchasing an additional 3,884 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in First Industrial Realty Trust by 4.5% in the second quarter. Envestnet Asset Management Inc. now owns 215,455 shares of the real estate investment trust’s stock valued at $10,236,000 after buying an additional 9,188 shares during the period. Dimensional Fund Advisors LP boosted its holdings in First Industrial Realty Trust by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust’s stock worth $96,133,000 after buying an additional 118,239 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of First Industrial Realty Trust by 77.7% during the 2nd quarter. Renaissance Technologies LLC now owns 143,400 shares of the real estate investment trust’s stock worth $6,813,000 after buying an additional 62,700 shares during the period. Finally, Edgestream Partners L.P. increased its stake in shares of First Industrial Realty Trust by 216.7% in the 2nd quarter. Edgestream Partners L.P. now owns 106,331 shares of the real estate investment trust’s stock valued at $5,052,000 after acquiring an additional 72,757 shares during the last quarter. 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.