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

First Industrial Realty Trust, Inc. (NYSE:FR) has earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $67.0714.

A number of brokerages have commented on FR. Raymond James Financial restated a “strong-buy” rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. Barclays boosted their price objective on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. KeyCorp reissued a “sector weight” rating on shares of First Industrial Realty Trust in a report on Wednesday, June 10th. Scotiabank raised their target price on shares of First Industrial Realty Trust from $63.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of First Industrial Realty Trust in a research note on Friday, July 24th.

First Industrial Realty Trust Trading Down 0.7%

Shares of FR stock opened at $62.88 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 22.95 and a beta of 1.04. First Industrial Realty Trust has a 1 year low of $48.38 and a 1 year high of $69.88. The firm has a fifty day moving average price of $64.20 and a 200-day moving average price of $61.91.

First Industrial Realty Trust (NYSE:FR) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.22). The company had revenue of $194.94 million during the quarter, compared to the consensus estimate of $195.81 million. First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.First Industrial Realty Trust’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business 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 analysts predict that First Industrial Realty Trust will post 3.16 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio is 72.99%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in First Industrial Realty Trust in the 3rd quarter worth $26,000. Parallel Advisors LLC raised its holdings in First Industrial Realty Trust by 86.9% during the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 291 shares during the period. Trust Co. of Vermont purchased a new position in shares of First Industrial Realty Trust in the second quarter valued at about $39,000. Caitong International Asset Management Co. Ltd lifted its position in shares of First Industrial Realty Trust by 64.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 301 shares in the last quarter. Finally, Danske Bank A S purchased a new position in shares of First Industrial Realty Trust in the third quarter valued at about $51,000. Hedge funds and other 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.