First Industrial Realty Trust (NYSE:FR) Hits New 52-Week Low on Analyst Downgrade

First Industrial Realty Trust, Inc. (NYSE:FR) reached a new 52-week low on Friday after Raymond James Financial downgraded the stock from a strong-buy rating to a moderate buy rating. Raymond James Financial now has a $71.00 price target on the stock. First Industrial Realty Trust traded as low as $54.20 and last traded at $54.42, with a volume of 1,346,259 shares trading hands. The stock had previously closed at $55.29.

FR has been the subject of a number of other research reports. Citigroup raised their price target 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. Weiss Ratings lowered First Industrial Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 8th. Truist Financial upped their price objective on First Industrial Realty Trust from $67.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Wells Fargo & Company increased their target price on First Industrial Realty Trust from $61.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. Finally, Robert W. Baird raised their target price on First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

More First Industrial Realty Trust News

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

Institutional Trading of First Industrial Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of FR. Trust Co. of Vermont acquired a new position in shares of First Industrial Realty Trust during the 2nd quarter worth about $39,000. Elevation Wealth Partners LLC increased its position in 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 worth $45,000 after buying an additional 364 shares during the period. Persistent Asset Partners Ltd acquired a new stake in First Industrial Realty Trust in the 2nd quarter worth about $70,000. State of Wyoming acquired a new stake in shares of First Industrial Realty Trust in the second quarter valued at approximately $71,000. Finally, Parallel Advisors LLC boosted its stake 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 buying an additional 756 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Down 1.5%

The firm has a 50 day moving average of $60.76 and a 200-day moving average of $62.29. The firm has a market capitalization of $7.22 billion, a P/E 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.

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

First Industrial Realty Trust Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 3.7%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 74.35%.

About First Industrial Realty Trust

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.