Scotiabank Raises First Industrial Realty Trust (NYSE:FR) Price Target to $63.00

First Industrial Realty Trust (NYSE:FR) had its price objective upped by investment analysts at Scotiabank from $62.00 to $63.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective would indicate a potential upside of 0.59% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings raised shares of First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. iA Financial set a $67.00 price target on shares of First Industrial Realty Trust in a report on Monday, January 5th. Barclays reiterated a “positive” rating and issued a $64.00 price target on shares of First Industrial Realty Trust in a research report on Tuesday, January 13th. UBS Group set a $62.00 price objective on First Industrial Realty Trust in a research report on Thursday, December 4th. Finally, Cantor Fitzgerald lifted their target price on First Industrial Realty Trust from $58.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, First Industrial Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $63.29.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $62.63 on Monday. The stock has a market capitalization of $8.30 billion, a PE ratio of 33.67 and a beta of 1.11. The business has a 50 day simple moving average of $59.27 and a two-hundred day simple moving average of $56.01. 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 data 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). First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The firm had revenue of $188.41 million for the quarter, compared to analysts’ expectations of $186.20 million. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, research analysts predict that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

Insider Buying and Selling

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total value of $39,691.60. Following the transaction, the executive owned 3,770 shares in the company, 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 SEC, which is accessible through the SEC website. Company insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On First Industrial Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FR. Measured Wealth Private Client Group LLC acquired a new stake in shares of First Industrial Realty Trust in the 3rd quarter worth $26,000. Parallel Advisors LLC grew its holdings in shares of First Industrial Realty Trust by 86.9% in the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 291 shares during the period. Mather Group LLC. acquired a new stake in First Industrial Realty Trust during the third quarter worth about $39,000. Elevation Point Wealth Partners LLC acquired a new stake in First Industrial Realty Trust during the second quarter worth about $40,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in First Industrial Realty Trust by 64.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds 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.