First Industrial Realty Trust (NYSE:FR) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded First Industrial Realty Trust (NYSE:FR) from a "sell" to a "hold" rating in its latest research note.
• Multiple analysts have raised price targets (Scotiabank to $63, Cantor Fitzgerald to $64, RBC to $66, iA to $67) and the market consensus is a Moderate Buy with a consensus target price of $63.29.
• Q4 results showed an EPS miss of $0.59 vs. $0.76 expected while revenue beat at $188.41M, and management set FY2026 guidance of $3.090–3.190 EPS versus analysts' average of 2.89.

First Industrial Realty Trust (NYSE:FR - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Other research analysts also recently issued research reports about the company. Scotiabank lifted their price target on First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a "sector perform" rating in a research note on Monday, March 2nd. Cantor Fitzgerald lifted their price target on First Industrial Realty Trust from $58.00 to $64.00 and gave the stock a "neutral" rating in a research note on Friday, February 6th. iA Financial set a $67.00 price target on First Industrial Realty Trust in a research note on Monday, January 5th. Weiss Ratings raised First Industrial Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada lifted their price objective on 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. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $63.29.

First Industrial Realty Trust Trading Up 0.4%

NYSE:FR opened at $60.74 on Friday. The company has a market capitalization of $8.05 billion, a PE ratio of 32.65 and a beta of 1.11. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.93. First Industrial Realty Trust has a 52-week low of $43.93 and a 52-week high of $64.01. The stock has a fifty day simple moving average of $59.91 and a 200-day simple moving average of $57.47.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly 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 firm had revenue of $188.41 million for the quarter, compared to analyst estimates of $186.20 million. First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, equities research analysts expect that First Industrial Realty Trust will post 2.89 earnings per share for the current fiscal year.

Institutional Trading of First Industrial Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC increased its position in First Industrial Realty Trust by 18.1% during the 4th quarter. Hsbc Holdings PLC now owns 218,448 shares of the real estate investment trust's stock worth $12,513,000 after purchasing an additional 33,478 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in First Industrial Realty Trust by 165.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,229 shares of the real estate investment trust's stock worth $128,000 after purchasing an additional 1,388 shares in the last quarter. Corient Private Wealth LLC increased its position in First Industrial Realty Trust by 55.6% during the 4th quarter. Corient Private Wealth LLC now owns 47,000 shares of the real estate investment trust's stock worth $2,708,000 after purchasing an additional 16,795 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in First Industrial Realty Trust by 770.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,089 shares of the real estate investment trust's stock worth $234,000 after purchasing an additional 3,619 shares in the last quarter. Finally, MidFirst Bank purchased a new stake in First Industrial Realty Trust in the 4th quarter valued at about $241,000. Hedge funds and other institutional investors own 99.85% of the company's stock.

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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