Barclays Reiterates Equal Weight Rating for First Industrial Realty Trust (NYSE:FR)

First Industrial Realty Trust (NYSE:FR)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Barclays in a research report issued to clients and investors on Wednesday, MarketBeat reports. They currently have a $53.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $63.00. Barclays‘s target price would indicate a potential upside of 0.88% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Truist Financial raised their target price on First Industrial Realty Trust from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group raised their target price on First Industrial Realty Trust from $41.00 to $47.00 and gave the company a “sell” rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. raised their target price on First Industrial Realty Trust from $51.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Mizuho raised their target price on First Industrial Realty Trust from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, TheStreet upgraded First Industrial Realty Trust from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Hold” and an average price target of $55.30.

First Industrial Realty Trust Trading Up 0.9 %

NYSE FR opened at $52.54 on Wednesday. First Industrial Realty Trust has a fifty-two week low of $40.44 and a fifty-two week high of $55.22. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day simple moving average of $52.92 and a two-hundred day simple moving average of $49.74. The stock has a market cap of $6.95 billion, a P/E ratio of 25.38 and a beta of 1.02.

Institutional Trading of First Industrial Realty Trust

Several large investors have recently modified their holdings of FR. Nomura Holdings Inc. grew its holdings in shares of First Industrial Realty Trust by 192.7% in the first quarter. Nomura Holdings Inc. now owns 3,088,269 shares of the real estate investment trust’s stock worth $164,296,000 after acquiring an additional 2,033,000 shares during the period. Norges Bank bought a new stake in shares of First Industrial Realty Trust in the fourth quarter worth $78,559,000. JPMorgan Chase & Co. grew its holdings in shares of First Industrial Realty Trust by 92.2% in the first quarter. JPMorgan Chase & Co. now owns 2,799,425 shares of the real estate investment trust’s stock worth $148,929,000 after acquiring an additional 1,342,783 shares during the period. Alliancebernstein L.P. grew its holdings in shares of First Industrial Realty Trust by 469.3% in the second quarter. Alliancebernstein L.P. now owns 1,576,944 shares of the real estate investment trust’s stock worth $83,010,000 after acquiring an additional 1,299,944 shares during the period. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of First Industrial Realty Trust by 788.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,245,455 shares of the real estate investment trust’s stock worth $65,598,000 after acquiring an additional 1,105,286 shares during the period. Institutional investors own 99.85% of the company’s stock.

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.