First Industrial Realty Trust (NYSE:FR) Rating Lowered to “Moderate Buy” at Raymond James Financial

First Industrial Realty Trust (NYSE:FR) was downgraded by stock analysts at Raymond James Financial from a “strong-buy” rating to a “moderate buy” rating in a research note issued to investors on Friday, Zacks reports.

FR has been the subject of a number of other reports. Barclays upped their price target on shares of 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. Truist Financial raised their price objective on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the company a “buy” rating in a research report on Monday, July 27th. The Goldman Sachs Group lowered their target price on shares of First Industrial Realty Trust from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday. Weiss Ratings cut shares of First Industrial Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 8th. Finally, Scotiabank upped their target price 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. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.00.

First Industrial Realty Trust Trading Down 1.5%

Shares of NYSE:FR opened at $54.48 on Friday. The stock has a 50 day moving average of $60.76 and a 200 day moving average of $62.29. The company has a market cap of $7.22 billion, a PE ratio of 20.25 and a beta of 1.03. The company has a current ratio of 1.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.92. First Industrial Realty Trust has a 12-month low of $54.20 and a 12-month high of $69.88.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.38). First Industrial Realty Trust had a return on equity of 12.60% and a net margin of 46.12%. The firm had revenue of $197.12 million for the quarter, compared to the consensus estimate of $196.41 million. During the same quarter in the previous year, the business posted $0.76 EPS. First Industrial Realty Trust’s revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that First Industrial Realty Trust will post 3.16 EPS for the current year.

Institutional Trading of First Industrial Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its stake in First Industrial Realty Trust by 41.0% in the 3rd quarter. Signaturefd LLC now owns 5,633 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 1,637 shares during the period. Inspire Investing LLC grew its holdings in First Industrial Realty Trust by 1.7% during the 3rd quarter. Inspire Investing LLC now owns 18,327 shares of the real estate investment trust’s stock valued at $1,091,000 after buying an additional 302 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in First Industrial Realty Trust by 66.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,737 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 2,289 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of First Industrial Realty Trust by 21.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 180,619 shares of the real estate investment trust’s stock valued at $10,754,000 after buying an additional 32,000 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of First Industrial Realty Trust by 8.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,858 shares of the real estate investment trust’s stock valued at $2,016,000 after buying an additional 2,518 shares during the last quarter. Institutional investors own 99.85% of the company’s stock.

More First Industrial Realty Trust News

Here are the key news stories impacting First Industrial Realty Trust this week:

• Positive Sentiment: Management raised or reaffirmed a constructive FY 2026 outlook, providing EPS guidance of $3.15–$3.19 versus the $3.17 analyst consensus. The update suggests expected earnings remain broadly on track despite the quarterly shortfall. First Industrial Realty Trust Raises Earnings Guidance
• Positive Sentiment: Third-quarter revenue increased 8.6% year over year to approximately $197.1 million, slightly exceeding expectations. FFO was $0.81 per share, up from $0.76 a year earlier, indicating continued underlying growth. First Industrial Realty Trust Q3 FFO Miss Estimates
• Neutral Sentiment: Raymond James moved its rating to “Outperform.” Although the change represents a downgrade from its prior view, the firm remains bullish on FR’s shares. Raymond James Rating Update
• Negative Sentiment: FFO of $0.81 per share narrowly missed the $0.82 consensus estimate, while reported EPS of $0.44 was well below the $0.82 forecast. The earnings miss is weighing on sentiment despite the revenue beat. First Industrial Realty Trust Third-Quarter Results
• Negative Sentiment: Investors remain concerned about the pace and visibility of future development activity, raising questions about the company’s growth pipeline. Those concerns appear to be offsetting the benefits of the higher full-year guidance. First Industrial Realty Trust Stock Price Falls as Q3 Results Raise Pipeline Questions

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a real estate investment trust focused on the ownership, management, acquisition, development and redevelopment of industrial properties in the United States. Its portfolio primarily serves businesses that require space for distribution, warehousing, manufacturing, light industrial operations and other logistics-related activities.

The company leases its properties to a diverse group of tenants, including retailers, manufacturers, logistics providers and third-party distribution companies.