First Industrial Realty Trust, Inc. (NYSE:FR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $63.0714.

Several equities research analysts have weighed in on the stock. Scotiabank raised their target price on shares of First Industrial Realty Trust from $57.00 to $62.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Mizuho increased their price objective on First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Royal Bank Of Canada increased their price objective on First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, February 9th. iA Financial set a $67.00 price objective on First Industrial Realty Trust in a research report on Monday, January 5th. Finally, The Goldman Sachs Group upped their target price on First Industrial Realty Trust from $53.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st.

First Industrial Realty Trust Price Performance

FR opened at $58.85 on Tuesday. The firm has a market capitalization of $7.80 billion, a PE ratio of 31.64 and a beta of 1.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50-day moving average is $58.41 and its two-hundred day moving average is $54.95. First Industrial Realty Trust has a 1 year low of $40.31 and a 1 year high of $60.79.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results 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). First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. The firm had revenue of $188.41 million for the quarter, compared to analysts’ expectations of $186.20 million. During the same period in the previous year, the company posted $0.71 earnings per share. The business’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. Research analysts anticipate that First Industrial Realty Trust will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. First Industrial Realty Trust’s payout ratio is presently 95.70%.

Insider Activity at First Industrial Realty Trust

In related news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total value of $39,691.60. Following the completion of the transaction, the executive directly owned 3,770 shares of the company’s stock, valued at $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 available through this hyperlink. 0.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC lifted its stake in shares of First Industrial Realty Trust by 1.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 14,870 shares of the real estate investment trust’s stock worth $852,000 after buying an additional 260 shares during the period. Sargent Investment Group LLC acquired a new position in shares of First Industrial Realty Trust in the 4th quarter valued at $336,000. MML Investors Services LLC raised its stake in First Industrial Realty Trust by 0.8% in the 4th quarter. MML Investors Services LLC now owns 46,871 shares of the real estate investment trust’s stock worth $2,684,000 after acquiring an additional 365 shares during the last quarter. Mariner LLC lifted its position in First Industrial Realty Trust by 5.2% during the 4th quarter. Mariner LLC now owns 31,441 shares of the real estate investment trust’s stock worth $1,806,000 after acquiring an additional 1,554 shares during the period. Finally, FJ Capital Management LLC lifted its position in First Industrial Realty Trust by 38.1% during the 4th quarter. FJ Capital Management LLC now owns 46,421 shares of the real estate investment trust’s stock worth $2,659,000 after acquiring an additional 12,806 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.