First Industrial Realty Trust (NYSE:FR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of First Industrial Realty Trust (NYSE:FR) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Several other equities analysts have also recently weighed in on FR. Robert W. Baird set a $65.00 price objective on shares of First Industrial Realty Trust in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Monday, January 5th. Weiss Ratings upgraded shares of First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Barclays reiterated a “positive” rating and issued a $64.00 price objective on shares of First Industrial Realty Trust in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada increased their price objective on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, First Industrial Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $63.29.

First Industrial Realty Trust Price Performance

FR opened at $60.36 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $8.00 billion, a P/E ratio of 32.45 and a beta of 1.11. The company’s 50-day simple moving average is $59.96 and its two-hundred day simple moving average is $57.62. First Industrial Realty Trust has a 52-week low of $44.58 and a 52-week high of $64.01.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The business had revenue of $188.41 million during the quarter, compared to the consensus estimate of $186.20 million. During the same quarter last year, the company earned $0.71 EPS. First Industrial Realty Trust’s revenue for the quarter was up 7.3% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, analysts predict that First Industrial Realty Trust will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s dividend payout ratio (DPR) is 107.53%.

Institutional Investors Weigh In On First Industrial Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in First Industrial Realty Trust during the 3rd quarter worth approximately $26,000. Parallel Advisors LLC raised its stake in First Industrial Realty Trust by 86.9% during the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 291 shares during the period. Mather Group LLC. bought a new stake in First Industrial Realty Trust during the 3rd quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd raised its stake in First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 301 shares during the period. Finally, SJS Investment Consulting Inc. bought a new stake in First Industrial Realty Trust during the 3rd quarter worth approximately $47,000. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.