Analysts Set First Industrial Realty Trust, Inc. (NYSE:FR) Target Price at $63.07

First Industrial Realty Trust, Inc. (NYSE:FR) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $63.2143.

A number of analysts have commented on FR shares. JPMorgan Chase & Co. boosted their price objective on First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Mizuho increased their target price on First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Truist Financial lifted their price target on shares of First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on First Industrial Realty Trust from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. Finally, Cantor Fitzgerald raised their target price 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.

Insider Activity at First Industrial Realty Trust

In related news, CIO Johannson L. Yap sold 680 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total value of $39,691.60. Following the transaction, the executive owned 3,770 shares in the company, valued at $220,054.90. This trade represents a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On First Industrial Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its position in First Industrial Realty Trust by 856,065.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock valued at $560,443,000 after purchasing an additional 9,784,830 shares during the period. Norges Bank purchased a new stake in First Industrial Realty Trust in the second quarter valued at $272,085,000. Cohen & Steers Inc. acquired a new position in shares of First Industrial Realty Trust in the 4th quarter valued at $118,365,000. Rush Island Management LP acquired a new position in First Industrial Realty Trust during the 2nd quarter worth approximately $79,904,000. Finally, AQR Capital Management LLC lifted its holdings in shares of First Industrial Realty Trust by 491.9% in the second quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust’s stock valued at $89,291,000 after purchasing an additional 1,541,778 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

FR opened at $60.79 on Tuesday. First Industrial Realty Trust has a 12-month low of $40.31 and a 12-month high of $60.87. The firm has a market capitalization of $8.06 billion, a P/E ratio of 32.68 and a beta of 1.14. The stock’s 50 day moving average price is $58.54 and its two-hundred day moving average price is $55.11. 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 (NYSE:FR) last announced its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). The business had revenue of $188.41 million during the quarter, compared to analyst estimates of $186.20 million. First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, equities analysts forecast that First Industrial Realty Trust will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be given a $0.50 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s payout ratio is currently 95.70%.

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.