Brokerages Set First Industrial Realty Trust, Inc. (NYSE:FR) PT at $63.29

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $63.2857.

A number of research analysts recently issued reports on the company. Mizuho lifted their target price on First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Wall Street Zen lowered shares of First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Barclays reiterated a “positive” rating and issued a $64.00 target price on shares of First Industrial Realty Trust in a report on Tuesday, January 13th. Royal Bank Of Canada increased their target price on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Finally, UBS Group set a $62.00 price target on shares of First Industrial Realty Trust in a research report on Thursday, December 4th.

Institutional Investors Weigh In On First Industrial Realty Trust

Several hedge funds have recently modified their holdings of the stock. Jump Financial LLC acquired a new stake in First Industrial Realty Trust during the 2nd quarter valued at $4,795,000. Bank of Stockton acquired a new stake in shares of First Industrial Realty Trust in the third quarter worth $946,000. Inscription Capital LLC grew its holdings in shares of First Industrial Realty Trust by 391.4% during the third quarter. Inscription Capital LLC now owns 22,641 shares of the real estate investment trust’s stock valued at $1,165,000 after buying an additional 18,034 shares in the last quarter. Thrivent Financial for Lutherans raised its position in First Industrial Realty Trust by 3.0% during the third quarter. Thrivent Financial for Lutherans now owns 2,134,890 shares of the real estate investment trust’s stock valued at $109,883,000 after buying an additional 63,112 shares during the period. Finally, SG Americas Securities LLC raised its position in First Industrial Realty Trust by 1,112.1% during the third quarter. SG Americas Securities LLC now owns 82,979 shares of the real estate investment trust’s stock valued at $4,271,000 after buying an additional 76,133 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Performance

FR opened at $56.94 on Friday. The business has a 50 day moving average price of $59.83 and a two-hundred day moving average price of $56.77. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 30.61 and a beta of 1.11. 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). The firm had revenue of $188.41 million for the quarter, compared to analyst estimates 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 for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Research analysts predict that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s payout ratio is presently 95.70%.

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.