Brokerages Set First Industrial Realty Trust, Inc. (NYSE:FR) Target Price at $67.43

First Industrial Realty Trust, Inc. (NYSE:FR) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $67.4286.

Several brokerages recently issued reports on FR. Cantor Fitzgerald reissued a “neutral” rating and set a $71.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, July 27th. Wells Fargo & Company lifted their target price on shares of First Industrial Realty Trust from $61.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 1st. Scotiabank increased their price objective on shares of First Industrial Realty Trust from $63.00 to $66.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 12th. KeyCorp restated a “sector weight” rating on shares of First Industrial Realty Trust in a report on Wednesday, June 10th. Finally, Citigroup lifted their target price on First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th.

Hedge Funds Weigh In On First Industrial Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of First Industrial Realty Trust in the second quarter worth about $1,021,489,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Industrial Realty Trust by 856,065.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock worth $560,443,000 after purchasing an additional 9,784,830 shares during the last quarter. California State Teachers Retirement System grew its stake in First Industrial Realty Trust by 5,999.7% in the second quarter. California State Teachers Retirement System now owns 9,450,139 shares of the real estate investment trust’s stock worth $579,388,000 after purchasing an additional 9,295,212 shares in the last quarter. Norges Bank bought a new stake in First Industrial Realty Trust in the fourth quarter valued at about $320,075,000. Finally, Invesco Ltd. increased its holdings in First Industrial Realty Trust by 8.0% in the third quarter. Invesco Ltd. now owns 4,343,723 shares of the real estate investment trust’s stock valued at $223,571,000 after buying an additional 323,248 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 0.1%

First Industrial Realty Trust stock opened at $61.81 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 22.56 and a beta of 1.03. First Industrial Realty Trust has a fifty-two week low of $50.24 and a fifty-two week high of $69.88. The stock’s fifty day moving average is $64.13 and its two-hundred day moving average is $62.36.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.22). First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The company had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The company’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. Analysts predict that First Industrial Realty Trust will post 3.17 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 19th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. First Industrial Realty Trust’s payout ratio is presently 72.99%.

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.