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

Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust (NYSE:FR - Free Report) in a report published on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a hold rating and a $52.00 price objective on the real estate investment trust's stock.

FR has been the topic of a number of other research reports. KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, December 17th. Barclays cut their price target on 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 issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $57.38.

First Industrial Realty Trust Stock Performance

NYSE:FR traded up $0.80 during trading hours on Tuesday, hitting $49.96. 647,372 shares of the company were exchanged, compared to its average volume of 628,359. 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 has a 52-week low of $45.10 and a 52-week high of $57.35. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 21.44 and a beta of 1.08. The company's 50 day moving average price is $51.73 and its 200-day moving average price is $53.16.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $167.60 million during 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 revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. As a group, research analysts forecast that First Industrial Realty Trust will post 2.63 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.96%. First Industrial Realty Trust's dividend payout ratio is currently 63.52%.

Institutional Investors Weigh In On First Industrial Realty Trust

Large investors have recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in First Industrial Realty Trust during the 3rd quarter valued at about $28,000. UMB Bank n.a. boosted its holdings in shares of First Industrial Realty Trust by 116.2% during the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 466 shares during the last quarter. Versant Capital Management Inc grew its position in shares of First Industrial Realty Trust by 92.5% in the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 481 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of First Industrial Realty Trust by 201.9% in the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 636 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in First Industrial Realty Trust by 77.4% during the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock worth $53,000 after buying an additional 417 shares in the last quarter. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

About First Industrial Realty Trust

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.