Scotiabank Forecasts Strong Price Appreciation for First Industrial Realty Trust (NYSE:FR) Stock

First Industrial Realty Trust (NYSE:FR) had its price objective raised by research analysts at Scotiabank from $62.00 to $63.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target suggests a potential downside of 0.51% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. 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. iA Financial set a $67.00 price target on First Industrial Realty Trust in a research report on Monday, January 5th. Mizuho increased their target price on First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Monday, January 5th. Finally, Citigroup increased their price objective on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.29.

First Industrial Realty Trust Price Performance

Shares of First Industrial Realty Trust stock traded up $0.18 on Monday, reaching $63.32. The stock had a trading volume of 216,468 shares, compared to its average volume of 1,119,218. The business’s 50 day moving average is $59.05 and its two-hundred day moving average is $55.81. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. First Industrial Realty Trust has a 1 year low of $40.31 and a 1 year high of $64.01. The company has a market cap of $8.39 billion, a P/E ratio of 34.03 and a beta of 1.11.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The firm had revenue of $188.41 million for the quarter, compared to the consensus estimate of $186.20 million. During the same period last year, the company posted $0.71 EPS. The business’s revenue was up 7.3% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, research analysts anticipate that First Industrial Realty Trust will post 2.89 EPS for the current year.

Insider Buying and Selling at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total value of $39,691.60. Following the sale, the executive directly owned 3,770 shares of the company’s stock, valued at approximately $220,054.90. This represents a 15.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.94% of the stock is currently owned by corporate insiders.

Institutional Trading of First Industrial Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jump Financial LLC purchased a new stake in shares of First Industrial Realty Trust during the second quarter valued at approximately $4,795,000. Bank of Stockton bought a new position in First Industrial Realty Trust in the 3rd quarter valued at approximately $946,000. Thrivent Financial for Lutherans boosted its stake in First Industrial Realty Trust by 3.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,134,890 shares of the real estate investment trust’s stock valued at $109,883,000 after purchasing an additional 63,112 shares during the last quarter. Inscription Capital LLC increased its holdings in shares of First Industrial Realty Trust by 391.4% in the 3rd quarter. Inscription Capital LLC now owns 22,641 shares of the real estate investment trust’s stock worth $1,165,000 after purchasing an additional 18,034 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of First Industrial Realty Trust by 1,112.1% in the 3rd quarter. SG Americas Securities LLC now owns 82,979 shares of the real estate investment trust’s stock worth $4,271,000 after purchasing an additional 76,133 shares in the last quarter. 99.85% of the stock is currently owned by hedge funds and other 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.