First Industrial Realty Trust (NYSE:FR) Stock Rating Cut to Moderate Buy at Raymond James Financial

Raymond James Financial cut shares of First Industrial Realty Trust (NYSE:FR) from a strong-buy rating to a moderate buy rating in a report issued on Friday morning,Zacks reports.

Several other research analysts also recently weighed in on FR. Truist Financial upped their price target on First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Scotiabank lifted their price objective on shares of First Industrial Realty Trust from $63.00 to $66.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 12th. Barclays boosted their target price on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Wells Fargo & Company upped their target price on shares of First Industrial Realty Trust from $61.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. Finally, Robert W. Baird raised their target price on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, First Industrial Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $69.00.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $54.48 on Friday. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 20.25 and a beta of 1.03. The company has a quick ratio of 1.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $60.76 and a 200-day moving average price of $62.29. First Industrial Realty Trust has a twelve month low of $54.20 and a twelve month high of $69.88.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.38). The business had revenue of $197.12 million for the quarter, compared to the consensus estimate of $196.41 million. First Industrial Realty Trust had a net margin of 46.12% and a return on equity of 12.60%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. As a group, equities research analysts predict that First Industrial Realty Trust will post 3.16 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 19th. Investors of record on Wednesday, September 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. First Industrial Realty Trust’s dividend payout ratio is presently 72.99%.

Hedge Funds Weigh In On First Industrial Realty Trust

Several institutional investors have recently added to or reduced their stakes in FR. Trust Co. of Vermont purchased a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth approximately $39,000. Elevation Wealth Partners LLC boosted its position in shares of First Industrial Realty Trust by 94.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 751 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 364 shares during the last quarter. Persistent Asset Partners Ltd bought a new position in shares of First Industrial Realty Trust during the 2nd quarter valued at approximately $70,000. State of Wyoming purchased a new position in shares of First Industrial Realty Trust in the second quarter valued at $71,000. Finally, Parallel Advisors LLC grew its holdings in shares of First Industrial Realty Trust by 120.8% in the first quarter. Parallel Advisors LLC now owns 1,382 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 756 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Key Headlines Impacting First Industrial Realty Trust

Here are the key news stories impacting First Industrial Realty Trust this week:

• Positive Sentiment: Management raised or reaffirmed a constructive FY 2026 outlook, providing EPS guidance of $3.15–$3.19 versus the $3.17 analyst consensus. The update suggests expected earnings remain broadly on track despite the quarterly shortfall. First Industrial Realty Trust Raises Earnings Guidance
• Positive Sentiment: Third-quarter revenue increased 8.6% year over year to approximately $197.1 million, slightly exceeding expectations. FFO was $0.81 per share, up from $0.76 a year earlier, indicating continued underlying growth. First Industrial Realty Trust Q3 FFO Miss Estimates
• Neutral Sentiment: Raymond James moved its rating to “Outperform.” Although the change represents a downgrade from its prior view, the firm remains bullish on FR’s shares. Raymond James Rating Update
• Negative Sentiment: FFO of $0.81 per share narrowly missed the $0.82 consensus estimate, while reported EPS of $0.44 was well below the $0.82 forecast. The earnings miss is weighing on sentiment despite the revenue beat. First Industrial Realty Trust Third-Quarter Results
• Negative Sentiment: Investors remain concerned about the pace and visibility of future development activity, raising questions about the company’s growth pipeline. Those concerns appear to be offsetting the benefits of the higher full-year guidance. First Industrial Realty Trust Stock Price Falls as Q3 Results Raise Pipeline Questions

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a real estate investment trust focused on the ownership, management, acquisition, development and redevelopment of industrial properties in the United States. Its portfolio primarily serves businesses that require space for distribution, warehousing, manufacturing, light industrial operations and other logistics-related activities.

The company leases its properties to a diverse group of tenants, including retailers, manufacturers, logistics providers and third-party distribution companies.