First Industrial Realty Trust (NYSE:FR) Stock Rating Lowered by Wall Street Zen

First Industrial Realty Trust (NYSE:FR) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other research firms have also commented on FR. Mizuho increased their target price on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Monday, January 5th. Citigroup raised their price objective on First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. UBS Group set a $62.00 price objective on First Industrial Realty Trust in a report on Thursday, December 4th. Finally, Robert W. Baird set a $65.00 target price on First Industrial Realty Trust in a research note on Tuesday, February 17th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.29.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $56.94 on Friday. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 30.61 and a beta of 1.11. The business has a 50 day moving average of $59.83 and a 200 day moving average of $56.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. First Industrial Realty Trust has a 1-year low of $40.31 and a 1-year high of $64.01.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The business had revenue of $188.41 million for the quarter, compared to the consensus estimate of $186.20 million. First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, sell-side analysts predict that First Industrial Realty Trust will post 2.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First Industrial Realty Trust

A number of large investors have recently added to or reduced their stakes in FR. Crossmark Global Holdings Inc. boosted its holdings in shares of First Industrial Realty Trust by 1.9% during the third quarter. Crossmark Global Holdings Inc. now owns 9,550 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 179 shares during the period. AlphaQuest LLC grew its stake in shares of First Industrial Realty Trust by 0.5% in the third quarter. AlphaQuest LLC now owns 41,416 shares of the real estate investment trust’s stock worth $2,132,000 after purchasing an additional 193 shares during the last quarter. Global Retirement Partners LLC increased its holdings in First Industrial Realty Trust by 3.6% during the 3rd quarter. Global Retirement Partners LLC now owns 5,670 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 195 shares during the period. Assetmark Inc. increased its holdings in First Industrial Realty Trust by 7.1% during the 3rd quarter. Assetmark Inc. now owns 2,994 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 198 shares during the period. Finally, Quadrant Capital Group LLC raised its position in First Industrial Realty Trust by 2.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock valued at $554,000 after purchasing an additional 211 shares during the last quarter. 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.