First Industrial Realty Trust (NYSE:FR) Stock Price Expected to Rise, Robert W. Baird Analyst Says

First Industrial Realty Trust (NYSE:FR - Get Free Report) had its price objective upped by Robert W. Baird from $59.00 to $61.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Robert W. Baird's price target suggests a potential upside of 9.53% from the company's previous close.

Several other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a "hold" rating and a $52.00 target price on the stock. KeyCorp raised shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, December 17th. Finally, 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. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, First Industrial Realty Trust presently has an average rating of "Moderate Buy" and a consensus target price of $58.31.

First Industrial Realty Trust Stock Performance

NYSE:FR traded down $0.08 during mid-day trading on Wednesday, hitting $55.69. The stock had a trading volume of 1,461,937 shares, compared to its average volume of 1,067,256. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 25.55 and a beta of 1.09. The company has a 50 day simple moving average of $52.20 and a 200-day simple moving average of $53.60. First Industrial Realty Trust has a 52 week low of $45.10 and a 52 week high of $57.35. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.36. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. On average, research analysts expect that First Industrial Realty Trust will post 2.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc boosted its holdings in shares of First Industrial Realty Trust by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust's stock worth $205,000 after purchasing an additional 210 shares during the period. UMB Bank n.a. boosted its holdings in shares of First Industrial Realty Trust by 24.7% during the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 214 shares during the period. Stifel Financial Corp boosted its holdings in shares of First Industrial Realty Trust by 0.9% during the fourth quarter. Stifel Financial Corp now owns 26,121 shares of the real estate investment trust's stock worth $1,309,000 after purchasing an additional 222 shares during the period. Principal Securities Inc. boosted its holdings in shares of First Industrial Realty Trust by 9.3% during the fourth quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust's stock worth $158,000 after purchasing an additional 269 shares during the period. Finally, Fortem Financial Group LLC boosted its holdings in shares of First Industrial Realty Trust by 2.9% during the fourth quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust's stock worth $517,000 after purchasing an additional 292 shares during the period. 99.85% of the stock is 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.