First Industrial Realty Trust, Inc. (NYSE:FR) Stock Has Average Price Target of $67.43 According to Brokerages

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $67.43.

A number of brokerages have issued reports on FR. Royal Bank Of Canada upped their target price on First Industrial Realty Trust from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Scotiabank lifted their price target 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. Citigroup boosted their price objective on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $71.00 price objective on shares of First Industrial Realty Trust in a report on Monday, July 27th. Finally, Wells Fargo & Company raised their target price on shares of First Industrial Realty Trust from $61.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st.

First Industrial Realty Trust Price Performance

NYSE FR opened at $59.36 on Wednesday. First Industrial Realty Trust has a fifty-two week low of $50.24 and a fifty-two week high of $69.88. The stock’s 50-day moving average is $62.25 and its two-hundred day moving average is $62.28. 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 firm has a market cap of $7.87 billion, a P/E ratio of 21.66 and a beta of 1.03.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results 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 company had revenue of $194.94 million for 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%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, analysts anticipate that First Industrial Realty Trust will post 3.17 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio is 72.99%.

Hedge Funds Weigh In On First Industrial Realty Trust

A number of institutional investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division acquired a new position in shares of First Industrial Realty Trust during the 3rd quarter worth about $213,000. Versant Capital Management Inc increased its position 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 worth $508,000 after buying an additional 242 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of 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 worth $607,000 after buying an additional 1,719 shares during the last quarter. Tidal Investments LLC boosted its position in shares of 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. Finally, Squarepoint Ops LLC grew its stake in shares of 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 acquiring an additional 59,168 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Company Profile

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.