First Industrial Realty Trust (NYSE:FR) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of First Industrial Realty Trust (NYSE:FR) from a hold rating to a sell rating in a research note released on Saturday.

A number of other analysts also recently issued reports on the company. Robert W. Baird set a $65.00 price target on First Industrial Realty Trust in a report on Tuesday, February 17th. Weiss Ratings upgraded First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Monday, January 5th. iA Financial set a $67.00 target price on First Industrial Realty Trust in a research note on Monday, January 5th. Finally, Scotiabank upped their price target on First Industrial Realty Trust from $62.00 to $63.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, First Industrial Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $63.29.

First Industrial Realty Trust Trading Up 1.9%

Shares of NYSE:FR opened at $58.11 on Friday. First Industrial Realty Trust has a 52 week low of $40.31 and a 52 week high of $64.01. The company’s 50 day moving average is $59.82 and its two-hundred day moving average is $56.89. The company has a market cap of $7.70 billion, a PE ratio of 31.24 and a beta of 1.11. 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 (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 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 revenue for the quarter was up 7.3% on a year-over-year basis. During the same period 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 predict that First Industrial Realty Trust will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be paid a $0.50 dividend. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, March 31st. First Industrial Realty Trust’s payout ratio is currently 95.70%.

Institutional Trading of First Industrial Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at about $26,000. Parallel Advisors LLC increased its position in First Industrial Realty Trust by 86.9% during the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 291 shares during the period. Mather Group LLC. acquired a new position in First Industrial Realty Trust during the third quarter worth approximately $39,000. Elevation Point Wealth Partners LLC purchased a new stake in First Industrial Realty Trust in the second quarter valued at approximately $40,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in First Industrial Realty Trust by 64.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 301 shares during the last quarter. 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.