First Industrial Realty Trust (NYSE:FR) Reaches New 1-Year High – Here’s Why

First Industrial Realty Trust, Inc. (NYSE:FR)’s share price reached a new 52-week high on Friday . The stock traded as high as $60.79 and last traded at $60.0480, with a volume of 20847 shares trading hands. The stock had previously closed at $59.75.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Robert W. Baird set a $64.00 price target on First Industrial Realty Trust in a research note on Thursday, January 8th. The Goldman Sachs Group lifted their price target on First Industrial Realty Trust from $53.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Royal Bank Of Canada increased their price objective on First Industrial Realty Trust from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Monday, January 5th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.92.

First Industrial Realty Trust Stock Up 0.2%

The firm has a 50-day moving average price of $58.14 and a two-hundred day moving average price of $54.51. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $7.92 billion, a P/E ratio of 32.17 and a beta of 1.14.

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

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be paid a $0.50 dividend. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 107.53%.

Insider Buying and Selling

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total value of $39,691.60. Following the transaction, the executive directly owned 3,770 shares in the company, valued at $220,054.90. The trade was a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On First Industrial Realty Trust

A number of institutional investors have recently made changes to their positions in FR. Measured Wealth Private Client Group LLC acquired a new stake in First Industrial Realty Trust during the 3rd quarter worth approximately $26,000. Mather Group LLC. bought a new position in First Industrial Realty Trust during the 3rd quarter worth $39,000. Elevation Point Wealth Partners LLC bought a new position in First Industrial Realty Trust during the 2nd quarter worth $40,000. SJS Investment Consulting Inc. acquired a new stake in shares of First Industrial Realty Trust during the third quarter worth $47,000. Finally, Danske Bank A S acquired a new stake in shares of First Industrial Realty Trust during the third quarter worth $51,000. 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.