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

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

A number of brokerages recently issued reports on FR. Mizuho boosted 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 report on Thursday, December 4th. Citigroup upped their price target on First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Robert W. Baird set a $65.00 price objective on shares of First Industrial Realty Trust in a report 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 target on the stock in a research report on Monday, January 5th. Finally, Cantor Fitzgerald increased their price objective on First Industrial Realty Trust from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, February 6th.

Insider Activity at First Industrial Realty Trust

In related news, CIO Johannson L. Yap sold 680 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total value of $39,691.60. Following the completion of the sale, the executive owned 3,770 shares in the company, valued at approximately $220,054.90. This represents a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.06% of the stock is currently owned by company insiders.

Institutional Trading of First Industrial Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC acquired a new position in First Industrial Realty Trust during the third quarter valued at approximately $26,000. Parallel Advisors LLC increased its position in shares of First Industrial Realty Trust by 86.9% in the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 291 shares in the last quarter. Mather Group LLC. acquired a new stake in First Industrial Realty Trust during the 3rd quarter worth $39,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 acquiring an additional 301 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of First Industrial Realty Trust in the second quarter worth about $40,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $60.13 on Friday. 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 has a one year low of $40.31 and a one year high of $64.01. The company has a market capitalization of $7.97 billion, a PE ratio of 32.33 and a beta of 1.11. The stock has a fifty day moving average of $59.73 and a 200-day moving average of $56.52.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data 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 analyst estimates of $186.20 million. First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. First Industrial Realty Trust’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, equities analysts anticipate that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Tuesday, March 31st will be given a $0.50 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s dividend payout ratio is 95.70%.

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.