First Industrial Realty Trust (NYSE:FR) Now Covered 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 morning, Marketbeat.com reports. The brokerage issued a hold rating and a $52.00 target price on the real estate investment trust’s stock.

A number of other research analysts have also recently commented on 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 reduced their price objective 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 analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $57.38.

First Industrial Realty Trust Stock Up 1.6 %

FR opened at $49.96 on Tuesday. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 21.44 and a beta of 1.08. 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 firm’s fifty day moving average is $51.73 and its 200 day moving average is $53.16. First Industrial Realty Trust has a fifty-two week low of $45.10 and a fifty-two week high of $57.35.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, beating the consensus estimate 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 business had revenue of $167.60 million for the quarter, compared to the consensus estimate of $164.01 million. During the same period in the previous year, the business earned $0.62 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that First Industrial Realty Trust will post 2.63 earnings per share 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. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.96%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 63.52%.

Institutional Trading of First Industrial Realty Trust

A number of large investors have recently made changes to their positions in the business. Rush Island Management LP bought a new position in shares of First Industrial Realty Trust in the 3rd quarter valued at about $60,848,000. JPMorgan Chase & Co. lifted its stake in shares of First Industrial Realty Trust by 28.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock valued at $187,798,000 after purchasing an additional 747,101 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of First Industrial Realty Trust by 290.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust’s stock worth $50,105,000 after purchasing an additional 665,920 shares during the period. Land & Buildings Investment Management LLC boosted its holdings in shares of First Industrial Realty Trust by 256.4% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 808,212 shares of the real estate investment trust’s stock worth $38,398,000 after purchasing an additional 581,472 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of First Industrial Realty Trust during the 2nd quarter valued at approximately $23,755,000. 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.