First Industrial Realty Trust, Inc. (NYSE:FR) Receives $66.86 Consensus PT from Analysts

First Industrial Realty Trust, Inc. (NYSE:FR) has been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $67.0714.

Several analysts have recently issued reports on FR shares. Citigroup increased their price objective on First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Truist Financial upped their price target on First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Wells Fargo & Company cut their price target on First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Barclays increased their price target on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $71.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, July 27th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in First Industrial Realty Trust by 41.1% in the first quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock valued at $45,301,000 after buying an additional 244,562 shares during the last quarter. First Trust Advisors LP lifted its holdings in First Industrial Realty Trust by 141.1% during the 2nd quarter. First Trust Advisors LP now owns 86,866 shares of the real estate investment trust’s stock worth $4,181,000 after buying an additional 50,839 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in First Industrial Realty Trust by 4.4% during the 2nd quarter. Baird Financial Group Inc. now owns 55,781 shares of the real estate investment trust’s stock worth $2,685,000 after buying an additional 2,356 shares during the last quarter. Cresset Asset Management LLC acquired a new position in shares of First Industrial Realty Trust during the 2nd quarter worth about $275,000. Finally, Cerity Partners LLC boosted its position in shares of First Industrial Realty Trust by 463.4% during the 2nd quarter. Cerity Partners LLC now owns 63,013 shares of the real estate investment trust’s stock worth $3,033,000 after acquiring an additional 51,828 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock opened at $63.40 on Tuesday. The firm has a market cap of $8.40 billion, a PE ratio of 23.14 and a beta of 1.04. First Industrial Realty Trust has a 52-week low of $48.03 and a 52-week high of $69.88. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The company’s 50 day moving average is $64.18 and its two-hundred day moving average is $61.90.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.22). The business had revenue of $194.94 million during the quarter, compared to analysts’ expectations of $195.81 million. First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, research analysts expect that First Industrial Realty Trust will post 3.16 EPS for the current fiscal year.

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.