First Industrial Realty Trust, Inc. (NYSE:FR) Stock Has Consensus Price Target of $67.43

First Industrial Realty Trust, Inc. (NYSE:FR) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are covering the stock, MarketBeat 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 12 month price objective among brokerages that have covered the stock in the last year is $67.43.

Several research firms have issued reports on FR. Scotiabank upped 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 note on Wednesday, August 12th. Citigroup lifted their target price on First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Wells Fargo & Company boosted their target price on First Industrial Realty Trust from $61.00 to $66.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. Finally, Barclays lifted their price target on First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its holdings in shares of First Industrial Realty Trust by 2.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 8,184 shares of the real estate investment trust’s stock worth $473,000 after acquiring an additional 163 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in First Industrial Realty Trust by 4.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 183 shares in the last quarter. Arizona State Retirement System grew its holdings 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 valued at $2,243,000 after purchasing an additional 207 shares during the last quarter. Versant Capital Management Inc grew its stake in First Industrial Realty Trust by 2.9% in the 3rd quarter. Versant Capital Management Inc now owns 8,525 shares of the real estate investment trust’s stock valued at $508,000 after acquiring an additional 242 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its holdings in First Industrial Realty Trust by 3.3% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 8,669 shares of the real estate investment trust’s stock valued at $502,000 after acquiring an additional 274 shares in the last quarter. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Up 0.0%

First Industrial Realty Trust stock opened at $59.46 on Wednesday. First Industrial Realty Trust has a 1-year low of $50.24 and a 1-year high of $69.88. 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 stock has a market cap of $7.88 billion, a PE ratio of 21.70 and a beta of 1.03. The stock’s fifty day moving average is $62.53 and its two-hundred day moving average is $62.30.

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

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.50 per share. 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 3.4%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 72.99%.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc is a self-administered and self-managed real estate investment trust that owns, operates, acquires, develops and manages industrial properties in the United States. The company focuses primarily on warehouse, distribution, logistics and light industrial facilities that serve manufacturers, distributors, retailers and other businesses.

First Industrial’s portfolio is concentrated in major logistics and industrial markets, including locations near population centers, transportation infrastructure and key distribution hubs.