First Industrial Realty Trust (NYSE:FR) Stock Gets Downgrade from Raymond James Financial

First Industrial Realty Trust (NYSE:FR) was downgraded by analysts at Raymond James Financial from a “strong-buy” rating to an “outperform” rating in a note issued to investors on Friday, MarketBeat reports. They presently have a $71.00 price target on the real estate investment trust’s stock. Raymond James Financial‘s price target would suggest a potential upside of 30.32% from the stock’s current price.

Several other equities research analysts have also weighed in on FR. Wells Fargo & Company lifted their price objective on First Industrial Realty Trust from $61.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. Barclays lifted their target price on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Weiss Ratings cut First Industrial Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 8th. 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. Finally, Robert W. Baird raised their target price on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, First Industrial Realty Trust has an average rating of “Moderate Buy” and an average price target of $69.00.

First Industrial Realty Trust Trading Up 0.1%

Shares of FR stock opened at $54.48 on Friday. First Industrial Realty Trust has a fifty-two week low of $54.20 and a fifty-two week high of $69.88. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day simple moving average of $60.76 and a two-hundred day simple moving average of $62.31. The company has a market cap of $7.22 billion, a P/E ratio of 20.25 and a beta of 1.03.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.38). The company had revenue of $197.12 million for the quarter, compared to the consensus estimate of $196.41 million. First Industrial Realty Trust had a return on equity of 12.60% and a net margin of 46.12%. First Industrial Realty Trust’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. Research analysts forecast that First Industrial Realty Trust will post 3.16 earnings per share for the current year.

Institutional Trading of First Industrial Realty Trust

A number of institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its position in shares of First Industrial Realty Trust by 41.0% during the third quarter. Signaturefd LLC now owns 5,633 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 1,637 shares during the last quarter. Inspire Investing LLC lifted its stake in First Industrial Realty Trust by 1.7% in the third quarter. Inspire Investing LLC now owns 18,327 shares of the real estate investment trust’s stock worth $1,091,000 after purchasing an additional 302 shares during the last quarter. Nisa Investment Advisors LLC grew its position in First Industrial Realty Trust by 66.4% in 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 acquiring an additional 2,289 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in First Industrial Realty Trust by 21.5% during the 3rd 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 in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in First Industrial Realty Trust by 8.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,858 shares of the real estate investment trust’s stock worth $2,016,000 after purchasing an additional 2,518 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Trending Headlines about First Industrial Realty Trust

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

About First Industrial Realty Trust

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.