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

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

Other research analysts also recently issued reports about the company. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Barclays lowered 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 note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $57.38.

First Industrial Realty Trust Trading Up 1.6 %

Shares of NYSE FR opened at $49.96 on Tuesday. The firm’s 50 day moving average price is $51.73 and its 200-day moving average price is $53.16. First Industrial Realty Trust has a 52-week low of $45.10 and a 52-week high of $57.35. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $6.61 billion, a PE ratio of 21.44 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. The business had revenue of $167.60 million for the quarter, compared to analysts’ expectations of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. On average, equities research analysts expect 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust’s payout ratio is 63.52%.

Institutional Trading of First Industrial Realty Trust

Several large investors have recently added to or reduced their stakes in FR. JPMorgan Chase & Co. boosted its stake in shares of First Industrial Realty Trust by 28.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock worth $187,798,000 after acquiring an additional 747,101 shares during the last quarter. Geode Capital Management LLC raised its holdings in First Industrial Realty Trust by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust’s stock worth $138,214,000 after purchasing an additional 15,093 shares during the period. Charles Schwab Investment Management Inc. lifted its position in First Industrial Realty Trust by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust’s stock valued at $122,182,000 after purchasing an additional 81,826 shares in the last quarter. Dimensional Fund Advisors LP grew 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 valued at $96,133,000 after purchasing an additional 118,239 shares during the period. Finally, Rush Island Management LP purchased a new stake in First Industrial Realty Trust in the third quarter worth about $60,848,000. 99.85% of the stock is currently owned by institutional investors.

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.