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

Key Points

• Thirteen analysts give First Industrial a consensus rating of Moderate Buy (8 buys, 5 holds) with an average 1‑year target of $63.57.
• The company reported $0.59 EPS vs. $0.76 expected while revenue of $188.41M beat estimates, and it set FY2026 guidance of 3.090–3.190 EPS (analysts expect ~3.15).
• First Industrial declared a quarterly dividend of $0.50 (annualized $2.00), implying a 3.2% yield with an ex‑dividend/record date of June 30 and a payout ratio around 77.5%.

First Industrial Realty Trust, Inc. (NYSE:FR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $63.5714.

Several analysts recently issued reports on FR shares. iA Financial set a $67.00 target price on shares of First Industrial Realty Trust in a research report on Monday, January 5th. Wall Street Zen upgraded shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, April 11th. Scotiabank boosted their target price on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the company a "sector perform" rating in a research report on Monday, March 2nd. Truist Financial boosted their target price on shares of First Industrial Realty Trust from $65.00 to $66.00 and gave the company a "buy" rating in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada upped their price target on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an "outperform" rating in a research report on Monday, February 9th.

First Industrial Realty Trust Stock Performance

Shares of NYSE FR opened at $62.09 on Friday. The firm has a 50 day moving average of $60.74 and a 200 day moving average of $58.57. The company has a current ratio of 1.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 24.06 and a beta of 1.07. First Industrial Realty Trust has a 12-month low of $47.36 and a 12-month high of $64.66.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). The business had revenue of $188.41 million for the quarter, compared to the consensus estimate of $186.20 million. First Industrial Realty Trust had a net margin of 45.98% and a return on equity of 12.36%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, research analysts anticipate that First Industrial Realty Trust will post 3.15 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Tuesday, June 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. First Industrial Realty Trust's dividend payout ratio is presently 77.52%.

Hedge Funds Weigh In On First Industrial Realty Trust

A number of hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its position in shares of First Industrial Realty Trust by 2.0% in the first quarter. Sequoia Financial Advisors LLC now owns 8,184 shares of the real estate investment trust's stock worth $473,000 after purchasing an additional 163 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of First Industrial Realty Trust by 1.9% in the third quarter. Crossmark Global Holdings Inc. now owns 9,550 shares of the real estate investment trust's stock worth $492,000 after purchasing an additional 179 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in shares of First Industrial Realty Trust by 4.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust's stock worth $258,000 after purchasing an additional 183 shares during the period. AlphaQuest LLC boosted its position in shares of First Industrial Realty Trust by 0.5% in the third quarter. AlphaQuest LLC now owns 41,416 shares of the real estate investment trust's stock worth $2,132,000 after purchasing an additional 193 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of First Industrial Realty Trust by 3.6% in the third quarter. Global Retirement Partners LLC now owns 5,670 shares of the real estate investment trust's stock worth $292,000 after purchasing an additional 195 shares during the period. 99.85% of the stock is currently owned by institutional investors.

About First Industrial Realty Trust

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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