First Industrial Realty Trust, Inc. (NYSE:FR) Receives Average Recommendation of “Moderate Buy” from Brokerages

First Industrial Realty Trust, Inc. (NYSE:FR) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $67.4286.

Several equities research analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on First Industrial Realty Trust from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Truist Financial lifted their price target on shares of 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. Robert W. Baird lifted their price target on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Weiss Ratings cut shares of First Industrial Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Citigroup increased their price objective on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th.

Hedge Funds Weigh In On First Industrial Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its position in First Industrial Realty Trust by 21.0% during the second quarter. Sequoia Financial Advisors LLC now owns 9,903 shares of the real estate investment trust’s stock valued at $607,000 after acquiring an additional 1,719 shares during the last quarter. Tidal Investments LLC lifted its holdings in First Industrial Realty Trust by 5.0% in the second quarter. Tidal Investments LLC now owns 11,786 shares of the real estate investment trust’s stock valued at $723,000 after acquiring an additional 562 shares during the period. Squarepoint Ops LLC boosted its position in First Industrial Realty Trust by 161.0% in the second quarter. Squarepoint Ops LLC now owns 95,916 shares of the real estate investment trust’s stock worth $5,881,000 after purchasing an additional 59,168 shares during the last quarter. Arizona State Retirement System boosted its position in First Industrial Realty Trust by 0.6% in the second quarter. Arizona State Retirement System now owns 36,580 shares of the real estate investment trust’s stock worth $2,243,000 after purchasing an additional 207 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of First Industrial Realty Trust during the 2nd quarter valued at about $207,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Price Performance

Shares of FR opened at $61.38 on Friday. First Industrial Realty Trust has a twelve month low of $50.24 and a twelve month high of $69.88. The company has a market capitalization of $8.14 billion, a P/E ratio of 22.40 and a beta of 1.03. The firm has a 50 day moving average of $64.07 and a 200 day moving average of $62.36. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.22). The business had revenue of $194.94 million during the quarter, compared to the consensus estimate of $195.81 million. First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. As a group, equities research analysts anticipate that First Industrial Realty Trust will post 3.17 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio is presently 72.99%.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc is a real estate investment trust that owns, operates, acquires, develops, redevelops and manages industrial properties across the United States. Its portfolio is primarily composed of warehouse, distribution and light industrial facilities used by manufacturers, distributors, logistics providers and other businesses.

The company serves customers in major industrial and logistics markets, with properties located in regions including the Midwest, Northeast, Southeast, Southwest and West Coast.