First Industrial Realty Trust (NYSE:FR) Given New $50.00 Price Target at Scotiabank

First Industrial Realty Trust (NYSE:FR - Get Free Report) had its target price lowered by analysts at Scotiabank from $58.00 to $50.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's price target would indicate a potential upside of 9.62% from the stock's current price.

Several other analysts also recently issued reports on FR. Robert W. Baird boosted their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and boosted their price target for the company from $52.00 to $59.00 in a report on Friday, February 21st. Barclays restated a "cautious" rating on shares of First Industrial Realty Trust in a research report on Tuesday, March 25th. KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of "Hold" and a consensus price target of $57.77.

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First Industrial Realty Trust Price Performance

NYSE:FR traded up $0.89 during trading hours on Monday, reaching $45.61. 1,763,108 shares of the company's stock were exchanged, compared to its average volume of 1,109,284. The company has a market capitalization of $6.04 billion, a P/E ratio of 20.92 and a beta of 1.07. First Industrial Realty Trust has a 12 month low of $40.31 and a 12 month high of $58.17. The business's 50-day simple moving average is $53.74 and its two-hundred day simple moving average is $53.05. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

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

Institutional Trading of First Industrial Realty Trust

Several large investors have recently added to or reduced their stakes in FR. Versant Capital Management Inc increased its holdings in shares of First Industrial Realty Trust by 92.5% during the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 481 shares during the last quarter. UMB Bank n.a. grew its holdings in 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 valued at $54,000 after purchasing an additional 214 shares during the last quarter. Parallel Advisors LLC grew its holdings in First Industrial Realty Trust by 285.1% during the first quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 821 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of First Industrial Realty Trust by 200.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 747 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of First Industrial Realty Trust by 30.7% during the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock worth $62,000 after buying an additional 292 shares during the period. 99.85% of the stock is 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.