First Industrial Realty Trust (NYSE:FR) Stock Rating Upgraded by The Goldman Sachs Group

First Industrial Realty Trust (NYSE:FR) was upgraded by The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a report released on Friday, MarketBeat reports. The firm currently has a $59.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $52.00. The Goldman Sachs Group’s price objective points to a potential upside of 5.94% from the stock’s current price.

FR has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target on the stock. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Robert W. Baird boosted their target price on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Barclays dropped their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.31.

First Industrial Realty Trust Trading Down 0.1 %

FR opened at $55.69 on Friday. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 25.55 and a beta of 1.09. First Industrial Realty Trust has a 52 week low of $45.10 and a 52 week high of $57.35. The business’s 50 day moving average is $52.26 and its two-hundred day moving average is $53.64. 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) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS 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%. On average, research analysts predict that First Industrial Realty Trust will post 2.89 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc boosted its position in First Industrial Realty Trust by 92.5% during the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 481 shares in the last quarter. Farther Finance Advisors LLC boosted 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 purchasing an additional 417 shares in the last quarter. Blue Trust Inc. boosted its position in First Industrial Realty Trust by 201.9% during the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 636 shares in the last quarter. UMB Bank n.a. boosted its position 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 worth $54,000 after purchasing an additional 214 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in First Industrial Realty Trust by 200.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 747 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

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.