Forecasting The Future: 6 Analyst Projections For First Industrial Realty

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Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on First Industrial Realty FR in the last three months.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 2 1 0 1
Last 30D 0 0 1 0 0
1M Ago 0 0 0 0 0
2M Ago 1 2 0 0 0
3M Ago 1 0 0 0 1

Analysts have set 12-month price targets for First Industrial Realty, revealing an average target of $56.0, a high estimate of $60.00, and a low estimate of $47.00. This current average has increased by 4.34% from the previous average price target of $53.67.

Deciphering Analyst Ratings: An In-Depth Analysis

The standing of First Industrial Realty among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Anthony Powell Barclays Lowers Equal-Weight $53.00 $63.00
Michael Mueller JP Morgan Raises Overweight $59.00 $51.00
Ki Bin Kim Truist Securities Raises Buy $59.00 $57.00
Michael Carroll RBC Capital Raises Outperform $60.00 $55.00
Caitlin Burrows Goldman Sachs Raises Sell $47.00 $41.00
Vikram Malhorta Mizuho Raises Buy $58.00 $55.00

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to First Industrial Realty. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of First Industrial Realty compared to the broader market.
  • Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of First Industrial Realty's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into First Industrial Realty's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on First Industrial Realty analyst ratings.

Get to Know First Industrial Realty Better

First Industrial Realty Trust is a real estate investment trust which which owns, manages, acquires, sells, develops and redevelops industrial real estate. First Industrial's real estate portfolio is primarily comprised of light industrial properties, which are split between industrial and office space, and bulk warehouse properties generally located in business parks near transportation hubs. While light industrial buildings represent the largest share of First Industrial's holdings, bulk warehouses make up most of its portfolio's square footage. The company derives the vast majority of its revenue from rental income tied to medium-term leases. First Industrial's customers include manufacturing, retail, wholesale trade, distribution, and professional services companies.

First Industrial Realty's Financial Performance

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Revenue Growth: First Industrial Realty displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 8.76%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.

Net Margin: First Industrial Realty's net margin excels beyond industry benchmarks, reaching 56.68%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): First Industrial Realty's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.5% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.73%, the company showcases effective utilization of assets.

Debt Management: First Industrial Realty's debt-to-equity ratio is below the industry average at 0.88, reflecting a lower dependency on debt financing and a more conservative financial approach.

Analyst Ratings: Simplified

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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