First Industrial Realty Trust (NYSE:FR) is set to release its earnings data after the market closes on Wednesday, February 13th. Analysts expect First Industrial Realty Trust to post earnings of $0.41 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Shares of FR opened at $33.58 on Tuesday. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 21.39 and a beta of 0.81. First Industrial Realty Trust has a fifty-two week low of $27.30 and a fifty-two week high of $34.04. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.78.
A number of brokerages have weighed in on FR. Zacks Investment Research upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Monday, January 28th. ValuEngine lowered shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Raymond James lowered shares of First Industrial Realty Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 8th. BMO Capital Markets restated an “average” rating and set a $8.50 target price on shares of First Industrial Realty Trust in a report on Monday, December 17th. Finally, JPMorgan Chase & Co. upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 19th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.79.
In related news, Director Bruce W. Duncan sold 90,000 shares of First Industrial Realty Trust stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $32.24, for a total transaction of $2,901,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.59% of the company’s stock.
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First Industrial Realty Trust Company Profile
First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.
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