First Industrial Realty Trust, Inc. (NYSE:FR) Stock Has Consensus Target Price of $69.00 According to Analysts

Key Points

• Analysts maintain a Moderate Buy consensus on First Industrial Realty Trust, with seven buy ratings and seven holds. The average 12-month price target is $69, compared with the stock’s recent price of $54.48.
• Third-quarter revenue rose 8.6% year over year to $197.1 million, slightly exceeding estimates, but EPS of $0.44 missed the $0.82 consensus. FFO was $0.81 per share, narrowly below expectations.
• The company reaffirmed a constructive 2026 earnings outlook of $3.15–$3.19 per share and pays a quarterly dividend of $0.50, representing a 3.7% annualized yield. However, investors remain concerned about the visibility of future development activity.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $69.00.

FR has been the subject of several research analyst reports. Weiss Ratings lowered First Industrial Realty Trust from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, September 8th. Scotiabank boosted their price objective on First Industrial Realty Trust from $63.00 to $66.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 12th. Raymond James Financial restated an "outperform" rating and set a $71.00 target price (down from $86.00) on shares of First Industrial Realty Trust in a research report on Friday. Citigroup raised their target price on First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 28th. Finally, Truist Financial raised their target price on First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Monday, July 27th.

Institutional Trading of First Industrial Realty Trust

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its stake in First Industrial Realty Trust by 26.3% in the first quarter. Public Employees Retirement System of Ohio now owns 290,663 shares of the real estate investment trust's stock valued at $16,815,000 after purchasing an additional 60,459 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of First Industrial Realty Trust during the second quarter valued at about $52,588,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of First Industrial Realty Trust during the 2nd quarter worth about $4,272,000. Jupiter Topco LLC acquired a new stake in shares of First Industrial Realty Trust in the 2nd quarter valued at about $3,715,000. Finally, Corient Private Wealth LP grew its stake in shares of First Industrial Realty Trust by 15.0% in the 2nd quarter. Corient Private Wealth LP now owns 173,817 shares of the real estate investment trust's stock valued at $10,657,000 after buying an additional 22,642 shares during the period. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Down 1.5%

Shares of NYSE FR opened at $54.48 on Friday. The company has a market capitalization of $7.22 billion, a P/E ratio of 20.25 and a beta of 1.03. First Industrial Realty Trust has a 52-week low of $54.20 and a 52-week high of $69.88. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.44 and a current ratio of 1.06. The company's 50 day moving average price is $60.76 and its 200-day moving average price is $62.29.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings data 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 net margin of 46.12% and a return on equity of 12.60%. The firm had revenue of $197.12 million during the quarter, compared to the consensus estimate of $196.41 million. During the same period in the prior year, the company posted $0.76 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts forecast that First Industrial Realty Trust will post 3.16 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Wednesday, September 30th. First Industrial Realty Trust's dividend payout ratio is presently 72.99%.

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.

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