First Industrial Realty Trust, Inc. (NYSE:FR) Given Consensus Recommendation of “Moderate Buy” by Analysts

First Industrial Realty Trust, Inc. (NYSE:FR) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $63.2857.

A number of analysts have recently weighed in on FR shares. Royal Bank Of Canada boosted their price objective on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. iA Financial set a $67.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, January 5th. Truist Financial boosted their price objective on shares of First Industrial Realty Trust from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Monday, January 5th. Finally, Scotiabank boosted their price objective on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Monday, March 2nd.

First Industrial Realty Trust Price Performance

Shares of First Industrial Realty Trust stock opened at $59.04 on Wednesday. The firm has a fifty day simple moving average of $59.74 and a 200-day simple moving average of $57.37. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. First Industrial Realty Trust has a 1-year low of $40.31 and a 1-year high of $64.01. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 31.74 and a beta of 1.11.

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 for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $186.20 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. First Industrial Realty Trust’s quarterly revenue was up 7.3% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. This is an increase 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 payout ratio is presently 107.53%.

Hedge Funds Weigh In On First Industrial Realty Trust

Several large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in First Industrial Realty Trust by 856,065.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock valued at $560,443,000 after purchasing an additional 9,784,830 shares during the last quarter. Norges Bank acquired a new position in First Industrial Realty Trust during the 4th quarter valued at $320,075,000. Invesco Ltd. raised its stake in First Industrial Realty Trust by 8.0% during 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 purchasing an additional 323,248 shares during the last quarter. Centersquare Investment Management LLC raised its stake in First Industrial Realty Trust by 10.5% during the 4th quarter. Centersquare Investment Management LLC now owns 2,649,757 shares of the real estate investment trust’s stock valued at $151,752,000 after purchasing an additional 252,650 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in 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 currently owned by institutional investors and hedge funds.

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.