First Industrial Realty Trust, Inc. (NYSE:FR) Receives $63.07 Average Target Price from Brokerages

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) have been given an average rating of “Moderate Buy” by the thirteen research firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $63.2143.

FR has been the topic of a number of recent research reports. Mizuho raised 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. UBS Group set a $62.00 price objective on First Industrial Realty Trust in a research note on Thursday, December 4th. Citigroup upped their price target on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Cantor Fitzgerald raised their price objective on shares of First Industrial Realty Trust from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, Wells Fargo & Company upped their target price on shares of First Industrial Realty Trust from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $62.05 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $8.22 billion, a PE ratio of 33.36 and a beta of 1.14. The firm’s 50 day moving average price is $58.62 and its 200-day moving average price is $55.25. First Industrial Realty Trust has a twelve month low of $40.31 and a twelve month high of $62.12.

First Industrial Realty Trust (NYSE:FR) last announced its 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 analysts’ expectations 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 quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Equities research analysts expect that First Industrial Realty Trust will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Tuesday, March 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, March 31st. First Industrial Realty Trust’s dividend payout ratio is currently 95.70%.

Insider Activity

In related news, CIO Johannson L. Yap sold 680 shares of First Industrial Realty Trust stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the sale, the executive owned 3,770 shares of the company’s stock, valued at approximately $220,054.90. This trade represents a 15.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On First Industrial Realty Trust

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Industrial Realty Trust by 856,065.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock worth $560,443,000 after buying an additional 9,784,830 shares in the last quarter. Norges Bank purchased a new position in First Industrial Realty Trust during the second quarter valued at $272,085,000. Invesco Ltd. increased its holdings in First Industrial Realty Trust by 8.0% in the 3rd quarter. Invesco Ltd. now owns 4,343,723 shares of the real estate investment trust’s stock valued at $223,571,000 after acquiring an additional 323,248 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in First Industrial Realty Trust by 10.5% in the 4th quarter. Centersquare Investment Management LLC now owns 2,649,757 shares of the real estate investment trust’s stock worth $151,752,000 after purchasing an additional 252,650 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of First Industrial Realty Trust by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,629,908 shares of the real estate investment trust’s stock valued at $150,644,000 after purchasing an additional 41,042 shares during the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

About First Industrial Realty Trust

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.