First Industrial Realty Trust stock hits 52-week low at $44.97

First Industrial Realty Trust Inc . (NYSE:FR) stock has experienced a notable downturn, touching a 52-week low of $44.97. Technical indicators from InvestingPro suggest the stock is in oversold territory, with a substantial 11.6% decline just in the past week. Despite the recent weakness, the company maintains a strong dividend track record, having raised its dividend for 12 consecutive years, with a current yield of 3.7%. Investors are closely monitoring the stock as it navigates through this trough, considering the broader economic factors that may be influencing this real estate investment trust's market position. The company maintains strong fundamentals with a healthy current ratio of 1.4 and analyst price targets ranging from $52 to $64. The 52-week low serves as a critical point of reference for both potential buyers looking for a bargain entry and current shareholders assessing their investment strategy amidst the company's performance dip. For deeper insights into FR's valuation and 8 additional ProTips, visit InvestingPro.

In other recent news, First Industrial Realty Trust has been the subject of several analyst updates and financial projections. Goldman Sachs has upgraded the company's stock from Sell to Neutral, with an increased price target of $59.00. This decision is based on projections of earnings growth in 2025, with a funds from operations (FFO) per share estimate slightly below the FactSet consensus. Truist Securities continues to maintain a Buy rating, praising the company's performance in development leasing and noting that its FFO per share for the fourth quarter and full year of 2025 exceeded expectations. The firm also highlighted a positive outlook for 2025, with guidance set at $2.92 per share, surpassing the consensus estimate.

Deutsche Bank (ETR:DBKGn) has initiated coverage with a Hold rating, setting a price target of $52.00. The bank acknowledged the company's geographic and tenant diversification as favorable but expressed concerns about a national slowdown in demand potentially impacting the company. Despite these concerns, Deutsche Bank noted First Industrial Realty Trust's strong earnings growth potential due to its sub-market exposure. Additionally, the company's development strategy, particularly in Southern California, was highlighted as both a strength and a potential risk given current market conditions. These developments reflect a range of perspectives on the company's future performance amid varying market dynamics.

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