First Industrial Realty Trust, Inc. (NYSE:FR) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analyst sentiment is moderately positive: Fifteen analysts give First Industrial Realty Trust a consensus “Moderate Buy” rating, with seven buys, seven holds and one strong buy. The average 12-month price target is $66.86, with recent targets raised as high as $75.
• Shares opened at $63.03, down 0.9%, with a market capitalization of $8.36 billion. The stock remains below its 52-week high of $69.88 but above its 52-week low of $47.38.
• The company’s latest quarterly earnings missed expectations, reporting $0.58 in EPS versus the $0.80 consensus, while revenue rose 8.2% year over year to $194.94 million. First Industrial provided fiscal 2026 EPS guidance of $3.12–$3.20, and institutional investors own 99.85% of outstanding shares.

Shares of First Industrial Realty Trust, Inc. (NYSE:FR - Get Free Report) have received an average recommendation of "Moderate Buy" from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $66.8571.

A number of equities research analysts have issued reports on the company. Raymond James Financial reissued a "strong-buy" rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. Truist Financial raised their price objective on First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Royal Bank Of Canada lifted their price objective on First Industrial Realty Trust from $68.00 to $75.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Weiss Ratings reiterated a "buy (b)" rating on shares of First Industrial Realty Trust in a report on Friday, July 24th. Finally, Robert W. Baird increased their target price on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th.

First Industrial Realty Trust Stock Down 0.9%

Shares of FR opened at $63.03 on Tuesday. The firm has a market cap of $8.36 billion, a PE ratio of 23.00 and a beta of 1.04. The company's fifty day moving average is $64.02 and its two-hundred day moving average is $61.78. First Industrial Realty Trust has a fifty-two week low of $47.38 and a fifty-two week high of $69.88. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.22). The firm had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Analysts forecast that First Industrial Realty Trust will post 3.16 earnings per share for the current year.

Institutional Investors Weigh In On First Industrial Realty Trust

Several institutional investors have recently bought and sold shares of the business. Measured Wealth Private Client Group LLC purchased a new position in shares of First Industrial Realty Trust in the 3rd quarter valued at $26,000. Parallel Advisors LLC boosted its position in First Industrial Realty Trust by 86.9% during the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 291 shares during the period. Trust Co. of Vermont acquired a new stake in First Industrial Realty Trust in the 2nd quarter valued at $39,000. Caitong International Asset Management Co. Ltd increased its holdings in First Industrial Realty Trust by 64.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 301 shares in the last quarter. Finally, Danske Bank A S purchased a new position in First Industrial Realty Trust in the third quarter valued at about $51,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

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.

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