First Industrial Realty Trust Stock Hits 52-Week High at $57.35

First Industrial Realty Trust Inc . (NYSE:FR) stock soared to a 52-week high, reaching a price level of $57.35. According to InvestingPro data, the stock appears overvalued at current levels, with technical indicators suggesting overbought conditions. This peak reflects a notable uptrend for the real estate investment trust, which specializes in industrial properties. Over the past year, the company has witnessed a healthy growth trajectory, with its stock delivering a total return of 10.36%. The company maintains strong financial health with a GREAT overall score from InvestingPro, and has raised its dividend for 12 consecutive years, currently offering a 3.13% yield. Investors have shown increasing confidence in First Industrial Realty Trust’s market position and its ability to capitalize on the robust demand for industrial real estate, which has been fueled by the e-commerce boom and supply chain optimization efforts. The company maintains strong fundamentals with a healthy 72.57% gross profit margin and robust liquidity, as current assets exceed short-term obligations. For deeper insights and additional ProTips on FR’s valuation and growth prospects, explore the comprehensive Pro Research Report available on InvestingPro.

In other recent news, First Industrial Realty Trust has been the focus of several analyst evaluations. Goldman Sachs upgraded the company’s stock from Sell to Neutral, raising the price target to $59.00. Analyst Caitlin Burrows anticipates earnings growth for First Industrial Realty Trust in 2025, projecting funds from operations (FFO) per share at $2.88. Meanwhile, Truist Securities reiterated a Buy rating, maintaining a price target of $57.00, and highlighted the company’s strong quarterly performance and development leasing success. The firm noted that First Industrial Realty Trust’s FFO per share exceeded both consensus and its own estimates for the fourth quarter and full year of 2025. Additionally, Deutsche Bank (ETR:DBKGn) initiated coverage with a Hold rating and a price target of $52.00, citing the company’s geographic and tenant diversification as strengths. However, Deutsche Bank expressed concerns about potential risks due to a national slowdown in demand and the company’s speculative development strategy. Despite these challenges, First Industrial Realty Trust’s exposure to favorable sub-markets could contribute to a strong earnings growth profile in 2025.

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