First Industrial Realty Trust, Inc. (NYSE:FR) Given Average Rating of “Moderate Buy” by Brokerages

First Industrial Realty Trust, Inc. (NYSE:FR) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $63.0714.

A number of research firms recently weighed in on FR. Scotiabank increased their price objective on shares of First Industrial Realty Trust from $57.00 to $62.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. iA Financial set a $67.00 price target on First Industrial Realty Trust in a report on Monday, January 5th. UBS Group set a $62.00 price objective on First Industrial Realty Trust in a report on Thursday, December 4th. Mizuho upped their price objective on First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Monday, January 5th.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $58.85 on Tuesday. The firm has a market capitalization of $7.80 billion, a PE ratio of 31.64 and a beta of 1.14. The stock’s fifty day moving average is $58.41 and its 200 day moving average is $54.95. First Industrial Realty Trust has a fifty-two week low of $40.31 and a fifty-two week high of $60.79. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.12.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share 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 net margin of 34.03% and a return on equity of 9.02%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, sell-side analysts anticipate that First Industrial Realty Trust will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be given a $0.50 dividend. 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. This represents a $2.00 annualized dividend and a yield of 3.4%. First Industrial Realty Trust’s dividend payout ratio is presently 95.70%.

Insider Activity at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total transaction of $39,691.60. Following the transaction, the executive directly owned 3,770 shares of the company’s stock, valued at approximately $220,054.90. This trade represents a 15.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On First Industrial Realty Trust

Several large investors have recently modified their holdings of the business. Measured Wealth Private Client Group LLC bought a new position in shares of First Industrial Realty Trust during the third quarter valued at approximately $26,000. Parallel Advisors LLC lifted its holdings in First Industrial Realty Trust by 86.9% during the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 291 shares during the period. Mather Group LLC. purchased a new stake in First Industrial Realty Trust during the third quarter worth $39,000. Elevation Point Wealth Partners LLC bought a new stake in First Industrial Realty Trust during the 2nd quarter valued at $40,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of First Industrial Realty Trust by 64.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 301 shares during the period. Institutional investors own 99.85% of the company’s stock.

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.