The equity research analysts at StockNews.com assumed coverage of First Industrial Realty Trust shares in a research report distributed to customers and investors on Thursday (NYSE: F.R.).
The brokerage firm gave the shares of the real estate investment trust a “hold” rating, indicating that they should be kept in one’s portfolio.
On Thursday, the NYSE FR opened for trading for $52.06, which remained unchanged throughout the day.
It is possible to draw parallels between a debt-to-equity ratio of 0.82, a quick ratio of 1.25, and a current ratio of 1.25.
During the last 52 weeks, the price of a share of First Industrial Realty Trust has ranged from a low of $42.91 to a high of $65.92.
The company’s stock has a moving average price of $52.47 for the past 50 days and $49.75 for the past 200 days, respectively.
The company has a P.E. ratio of 19.21, a market capitalization of $6.88 billion, and a beta value of 0.97.
Additionally, the organization has been the subject of earlier research investigations carried out by various analysts.
The Royal Bank of Canada reaffirmed an “outperform” rating on shares of First Industrial Realty Trust and set a price objective of $65.00 per share for the company’s stock in a research report published on Thursday, February 23.
In addition, the report stated that the firm has a price objective of $65.00 per share.
Due to a report distributed on February 21, the “buy” rating and price objective that Truist Financial has assigned to First Industrial Realty Trust have been increased from $55.00 to $60.00.
Additionally, the price objective has been raised from $55.00 to $60.00. JPMorgan Chase & Co raised its rating on First Industrial Realty Trust shares from “overweight” to “overweight” in a report published on Friday, December 16.
This change reflects the company’s belief that the stock’s future performance will be similarly favorable.
Moreover, they raised their price objective for the stock from $53.00 to $56.00, moving it up from the previous price of $53.00. Five research experts are in favor of investing in the company’s shares, while there are only two who are in favor of keeping the existing shares.
According to the information compiled by Bloomberg.com, the general rating for First Industrial Property Trust is a “Moderate Buy,” The price target has been established at $61.25.
As a result of recent occurrences, institutional investors and hedge funds have either increased or decreased the scope of their interests in the company. Raymond James & Associates saw a growth of 74.1% in the size of its holdings in First Industrial Realty Trust during the first three months of 2018.
After making a new purchase of 3,753 shares during the most recent quarter, Raymond James & Associates now owns 8,818 real estate investment trust shares.
These shares are worth $546,000, and the company’s total investment in these shares is valued at $546,000. Raymond James Financial Services Advisors INC increased the number of First Industrial Realty Trust shares it owned by approximately $232,000 over the year’s first three months.
American Century Companies INC spent approximately 263,000 dollars during the first quarter to increase the company’s ownership stake in First Industrial Property Trust.
Through the first three months of 2018, Natixis Advisors L.P. was able to amass an additional 22.6% worth of First Industrial Realty Trust shares.
As a result of the purchase of an additional 3,086 shares during the quarter, Natixis Advisors L.P. now owns 16,759 shares of the real estate investment trust’s stock.
Based on the current market price, this gives the company a market value of $1,038,000.
During the first three months of the year, the Great West Life Assurance Company of Canada increased the number of First Industrial Realty Trust shares that it owned by 4.6%. Great West Life Assurance Company now has 176,557 real estate investment trust shares following the purchase of an additional 7,724 shares during the most recent quarter.
The shares have a total value of $11,298,000 because the company has 176,557. Hedge funds and other institutional investors have a combined ownership stake in the company equal to 98.00% of its total shares.
The ownership, management, acquisition, sale, development, and redevelopment of industrial real estate are all handled by a corporation known as First Industrial Realty Trust, INC The company offers a variety of real estate options for customers, including light industrial properties, regional warehouses, bulk warehouses, and R&D/flex buildings, among others. Johannson L. was the person who initiated the creation of the business.