First Industrial Realty Trust (NYSE:FR) Downgraded to “Sell” Rating by Wall Street Zen

First Industrial Realty Trust (NYSE:FR) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other research analysts have also issued reports about the stock. iA Financial set a $67.00 target price on First Industrial Realty Trust in a report on Monday, January 5th. Mizuho increased their target price on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Truist Financial lifted their price objective on First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. UBS Group set a $62.00 price objective on shares of First Industrial Realty Trust in a report on Thursday, December 4th. Finally, Barclays reissued a “positive” rating and set a $64.00 target price on shares of First Industrial Realty Trust in a research note on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.29.

First Industrial Realty Trust Stock Performance

FR opened at $56.94 on Friday. The company has a market cap of $7.55 billion, a price-to-earnings ratio of 30.61 and a beta of 1.11. First Industrial Realty Trust has a 52-week low of $40.31 and a 52-week high of $64.01. The firm’s fifty day simple moving average is $59.83 and its two-hundred day simple moving average is $56.77. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.93.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 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 analysts’ expectations 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 quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Equities analysts anticipate that First Industrial Realty Trust will post 2.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in First Industrial Realty Trust by 41.1% in the first quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock valued at $45,301,000 after buying an additional 244,562 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of First Industrial Realty Trust by 4.0% in the 2nd quarter. ProShare Advisors LLC now owns 5,870 shares of the real estate investment trust’s stock valued at $283,000 after acquiring an additional 228 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of First Industrial Realty Trust by 4.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,419 shares of the real estate investment trust’s stock valued at $405,000 after acquiring an additional 328 shares during the period. Intech Investment Management LLC raised its position in First Industrial Realty Trust by 42.6% in the 2nd quarter. Intech Investment Management LLC now owns 40,570 shares of the real estate investment trust’s stock valued at $1,953,000 after purchasing an additional 12,119 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in First Industrial Realty Trust by 18.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 47,074 shares of the real estate investment trust’s stock valued at $2,266,000 after purchasing an additional 7,300 shares during the last quarter. Hedge funds and other 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.