First Industrial Realty Trust, Inc. (NYSE:FR) Receives $67.43 Consensus Price Target from Analysts

First Industrial Realty Trust, Inc. (NYSE:FR) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $67.4286.

Several equities analysts have commented on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. KeyCorp reaffirmed a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. Wells Fargo & Company raised their price objective on shares of First Industrial Realty Trust from $61.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Weiss Ratings cut First Industrial Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Barclays upped their target price on First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th.

First Industrial Realty Trust Trading Down 1.3%

Shares of FR stock opened at $60.94 on Friday. First Industrial Realty Trust has a 1 year low of $50.24 and a 1 year high of $69.88. The firm has a market capitalization of $8.08 billion, a PE ratio of 22.24 and a beta of 1.03. The stock has a fifty day moving average of $64.12 and a two-hundred day moving average of $62.37. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.22). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. During the same period last year, the business posted $0.76 earnings per share. First Industrial Realty Trust’s revenue for the quarter was up 8.2% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. As a group, research analysts expect that First Industrial Realty Trust will post 3.17 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. First Industrial Realty Trust’s payout ratio is currently 72.99%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in shares of First Industrial Realty Trust by 41.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock valued at $45,301,000 after purchasing an additional 244,562 shares in the last quarter. First Trust Advisors LP boosted its holdings in First Industrial Realty Trust by 141.1% during the second quarter. First Trust Advisors LP now owns 86,866 shares of the real estate investment trust’s stock worth $4,181,000 after buying an additional 50,839 shares in the last quarter. Baird Financial Group Inc. grew its position in First Industrial Realty Trust by 4.4% in the second quarter. Baird Financial Group Inc. now owns 55,781 shares of the real estate investment trust’s stock worth $2,685,000 after buying an additional 2,356 shares during the last quarter. Cresset Asset Management LLC bought a new position in shares of First Industrial Realty Trust in the second quarter valued at $275,000. Finally, Cerity Partners LLC lifted its position in shares of First Industrial Realty Trust by 463.4% during the 2nd quarter. Cerity Partners LLC now owns 63,013 shares of the real estate investment trust’s stock valued at $3,033,000 after acquiring an additional 51,828 shares during the last quarter. Institutional investors 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.