First Industrial Realty Trust (NYSE:FR) Cut to “Moderate Buy” at Raymond James Financial

First Industrial Realty Trust (NYSE:FR) was downgraded by stock analysts at Raymond James Financial from a “strong-buy” rating to a “moderate buy” rating in a research note issued on Friday, Zacks reports.

FR has been the topic of several other reports. The Goldman Sachs Group dropped their price objective on First Industrial Realty Trust from $72.00 to $62.00 and set a “neutral” rating on the stock in a research report on Friday. Robert W. Baird boosted their target price on 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. Scotiabank boosted their target price on First Industrial Realty Trust from $63.00 to $66.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 12th. Cantor Fitzgerald restated a “neutral” rating and set a $71.00 target price on shares of First Industrial Realty Trust in a research note on Monday, July 27th. Finally, Citigroup raised their price target on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $54.48 on Friday. First Industrial Realty Trust has a twelve month low of $54.20 and a twelve month high of $69.88. The firm has a market capitalization of $7.22 billion, a PE ratio of 20.25 and a beta of 1.03. The company has a 50-day moving average price of $60.76 and a two-hundred day moving average price of $62.29. The company has a quick ratio of 1.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.92.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.38). First Industrial Realty Trust had a net margin of 46.12% and a return on equity of 12.60%. The business had revenue of $197.12 million during the quarter, compared to the consensus estimate of $196.41 million. During the same period last year, the company posted $0.76 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Equities analysts forecast that First Industrial Realty Trust will post 3.16 EPS for the current year.

Hedge Funds Weigh In On First Industrial Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of FR. Trust Co. of Vermont bought a new stake in shares of First Industrial Realty Trust during the 2nd quarter valued at $39,000. Elevation Wealth Partners LLC increased its stake in shares of First Industrial Realty Trust by 94.1% in the 3rd quarter. Elevation Wealth Partners LLC now owns 751 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 364 shares in the last quarter. Persistent Asset Partners Ltd bought a new position in First Industrial Realty Trust in the 2nd quarter worth $70,000. State of Wyoming bought a new position in First Industrial Realty Trust in the 2nd quarter worth $71,000. Finally, Parallel Advisors LLC raised its holdings in First Industrial Realty Trust by 120.8% in the 1st quarter. Parallel Advisors LLC now owns 1,382 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 756 shares during the period. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about First Industrial Realty Trust

Here are the key news stories impacting First Industrial Realty Trust this week:

• Positive Sentiment: Management raised or reaffirmed a constructive FY 2026 outlook, providing EPS guidance of $3.15–$3.19 versus the $3.17 analyst consensus. The update suggests expected earnings remain broadly on track despite the quarterly shortfall. First Industrial Realty Trust Raises Earnings Guidance
• Positive Sentiment: Third-quarter revenue increased 8.6% year over year to approximately $197.1 million, slightly exceeding expectations. FFO was $0.81 per share, up from $0.76 a year earlier, indicating continued underlying growth. First Industrial Realty Trust Q3 FFO Miss Estimates
• Neutral Sentiment: Raymond James moved its rating to “Outperform.” Although the change represents a downgrade from its prior view, the firm remains bullish on FR’s shares. Raymond James Rating Update
• Negative Sentiment: FFO of $0.81 per share narrowly missed the $0.82 consensus estimate, while reported EPS of $0.44 was well below the $0.82 forecast. The earnings miss is weighing on sentiment despite the revenue beat. First Industrial Realty Trust Third-Quarter Results
• Negative Sentiment: Investors remain concerned about the pace and visibility of future development activity, raising questions about the company’s growth pipeline. Those concerns appear to be offsetting the benefits of the higher full-year guidance. First Industrial Realty Trust Stock Price Falls as Q3 Results Raise Pipeline Questions

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a real estate investment trust focused on the ownership, management, acquisition, development and redevelopment of industrial properties in the United States. Its portfolio primarily serves businesses that require space for distribution, warehousing, manufacturing, light industrial operations and other logistics-related activities.

The company leases its properties to a diverse group of tenants, including retailers, manufacturers, logistics providers and third-party distribution companies.