First Industrial Realty Trust (NYSE:FR) Price Target Raised to $67.00

First Industrial Realty Trust (NYSE:FR) had its price objective boosted by equities researchers at Truist Financial from $66.00 to $67.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price indicates a potential upside of 10.73% from the company’s previous close.

Several other research firms also recently weighed in on FR. Royal Bank Of Canada lifted their target price on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Robert W. Baird upped their target price on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Citigroup raised their price target on First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $65.00 target price on shares of First Industrial Realty Trust in a report on Monday, April 27th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.64.

First Industrial Realty Trust Trading Down 1.3%

First Industrial Realty Trust stock traded down $0.82 during mid-day trading on Friday, hitting $60.51. The company’s stock had a trading volume of 39,031 shares, compared to its average volume of 1,017,179. The stock’s fifty day moving average is $60.67 and its two-hundred day moving average is $59.01. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $8.02 billion, a PE ratio of 23.45 and a beta of 1.07. First Industrial Realty Trust has a 1 year low of $47.36 and a 1 year high of $64.66.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FR. Sequoia Financial Advisors LLC lifted its holdings in shares of First Industrial Realty Trust by 2.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 8,184 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 163 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of First Industrial Realty Trust by 1.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,550 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 179 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of First Industrial Realty Trust by 4.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 183 shares during the period. AlphaQuest LLC increased its holdings in shares of First Industrial Realty Trust by 0.5% in the 3rd quarter. AlphaQuest LLC now owns 41,416 shares of the real estate investment trust’s stock valued at $2,132,000 after purchasing an additional 193 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in shares of First Industrial Realty Trust by 7.1% in the third quarter. Assetmark Inc. now owns 2,994 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 198 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 publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.