<div id="readability-page-1"><p>First Industrial Realty Trust, Inc. (NYSE:FR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday after Mizuho raised their price target on the stock from $56.00 to $62.00. Mizuho currently has an outperform rating on the stock. First Industrial Realty Trust traded as high as $58.42 and last traded at $58.14, with a volume of 1093748 shares traded. The stock had previously closed at $56.77.</p><ul><li>Win-Win Momentum Plays With Strong Dividend Yields</li></ul><p>Several other equities analysts have also issued reports on the company. Weiss Ratings  reissued a &#34;hold (c+)&#34; rating on shares of First Industrial Realty Trust in a report on Friday, October 31st. Wells Fargo &amp; Company lifted their price objective on shares of First Industrial Realty Trust from $53.00 to $57.00 and gave the company an &#34;equal weight&#34; rating in a research note on Monday, October 27th. The Goldman Sachs Group upped their target price on shares of First Industrial Realty Trust from $53.00 to $59.00 and gave the company a &#34;neutral&#34; rating in a report on Tuesday, October 21st. Cantor Fitzgerald began coverage on First Industrial Realty Trust in a report on Wednesday, October 1st. They set a &#34;neutral&#34; rating and a $55.00 price target on the stock. Finally, Barclays  set a $54.00 price target on First Industrial Realty Trust in a research report on Monday, November 3rd. Five investment analysts have rated the stock with a Buy rating and eight have assigned  a Hold rating to the company. According to MarketBeat.com, First Industrial Realty Trust currently has an average rating of &#34;Hold&#34; and an average target price of $57.85.</p><p><b>View Our Latest Research Report on First Industrial Realty Trust</b></p><h2>Hedge Funds Weigh In On First Industrial Realty Trust</h2><ul><li>Top Shipping Firms Driving Industry-Leading Revenue Growth</li></ul><p>Several hedge funds have recently added to or reduced their stakes in the business. Hunter Perkins Capital Management LLC bought a new position in shares of  First Industrial Realty Trust during the second quarter valued at approximately $746,000.  FJ Capital Management LLC boosted its position in  First Industrial Realty Trust by 76.8% during the 1st quarter. FJ Capital Management LLC now owns 38,445 shares of the real estate investment trust's stock valued at $2,074,000 after purchasing an additional 16,704 shares during the period.  Liberty One Investment Management LLC grew its stake in  First Industrial Realty Trust by 6.4% during the 2nd quarter. Liberty One Investment Management LLC now owns 97,647 shares of the real estate investment trust's stock worth $4,700,000 after buying an additional 5,835 shares during the last quarter.  Graham Capital Management L.P. grew its stake in  First Industrial Realty Trust by 149.2% during the 1st quarter. Graham Capital Management L.P. now owns 30,754 shares of the real estate investment trust's stock worth $1,659,000 after buying an additional 18,413 shares during the last quarter.  Finally, Jane Street Group LLC increased its position in  First Industrial Realty Trust by 2,777.7% in the 1st quarter. Jane Street Group LLC now owns 322,595 shares of the real estate investment trust's stock valued at $17,407,000 after acquiring an additional 311,385 shares during the period. 99.85% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>First Industrial Realty Trust Stock Up 2.3%</h2><p>The stock has a market cap of $7.69 billion, a P/E ratio of 32.45 and a beta of 1.13. The firm has a 50 day simple moving average of $54.79 and a two-hundred day simple moving average of $51.59. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 0.91. </p><ul><li>The Hottest Markets to Watch After the Fed’s 25 Bps Rate Cut</li></ul><p>First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.The company had revenue of $181.43 million during the quarter, compared to the consensus estimate of $182.63 million. During the same quarter in the prior year, the firm earned $0.69 EPS. The company's quarterly revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS.  Equities research analysts predict that  First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year. </p><h2>First Industrial Realty Trust Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Wednesday, December 31st will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.78 dividend on an annualized basis and a yield of 3.1%. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 99.44%. </p><h2>About First Industrial Realty Trust</h2> (Get Free Report)<p>First Industrial Realty Trust, Inc <span>NYSE: FR<span></span></span> 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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than First Industrial Realty Trust</li><li>Market Cap Calculator: How to Calculate Market Cap</li><li>Snowflake Stock: The Dip That Smart Investors Are Buying Right Now</li><li>What is the S&amp;P/TSX Index?</li><li>Kraken Robotics Stock Exploded 1,000%—Now Wall Street Is Paying Attention</li><li>EV Stocks and How to Profit from Them </li><li>Kroger Stock Analysis: Digital Pivot, Dividend Safety &amp; 2026 Growth Plan</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in First Industrial Realty Trust Right Now?</h2><p>Before you consider First Industrial Realty Trust, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Industrial Realty Trust wasn't on the list.</p><p>While First Industrial Realty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>First Industrial Realty Trust (NYSE:FR) reached a new 52-week high after Mizuho raised its price target from $56.00 to $62.00, maintaining an outperform rating. The stock traded as high as $58.42. Other analysts have mixed ratings, with an average target price of $57.85. Hedge funds have been adjusting their stakes, and the company reported strong quarterly earnings, beating estimates. A quarterly dividend was also announced.</p>

First Industrial Realty Trust (NYSE:FR) Reaches New 1-Year High on Analyst Upgrade