First Industrial Realty Trust, Inc. (NYSE:FR) Receives Consensus Rating of “Moderate Buy” from Brokerages

First Industrial Realty Trust, Inc. (NYSE:FR) has received an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven 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 objective among brokerages that have covered the stock in the last year is $64.2857.

A number of equities research analysts recently weighed in on the company. Barclays raised their price target on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. KeyCorp reissued a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Raymond James Financial restated a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Finally, Weiss Ratings raised First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th.

First Industrial Realty Trust Price Performance

NYSE:FR opened at $66.31 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.90. The firm has a market cap of $8.79 billion, a PE ratio of 24.20 and a beta of 1.05. First Industrial Realty Trust has a 12 month low of $47.38 and a 12 month high of $69.88. The company’s 50-day moving average price is $63.34 and its two-hundred day moving average price is $61.27.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.22). First Industrial Realty Trust had a return on equity of 13.09% and a net margin of 47.97%.The firm had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. During the same period in the previous year, the business posted $0.76 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, equities analysts anticipate that First Industrial Realty Trust will post 3.14 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Tuesday, June 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 77.52%.

Hedge Funds Weigh In On First Industrial Realty Trust

A number of large investors have recently modified their holdings of FR. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Industrial Realty Trust by 856,065.6% in 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 in the last quarter. Norges Bank acquired a new position in First Industrial Realty Trust during the 4th quarter worth $320,075,000. Cohen & Steers Inc. acquired a new position in First Industrial Realty Trust during the 4th quarter worth $118,365,000. Rush Island Management LP bought a new position in First Industrial Realty Trust in the 2nd quarter valued at $79,904,000. Finally, AQR Capital Management LLC boosted its position in First Industrial Realty Trust by 491.9% in the 2nd 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 buying an additional 1,541,778 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Key First Industrial Realty Trust News

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

• Positive Sentiment: The company beat FFO expectations, posting $0.82 per share versus the $0.80 consensus, which suggests core operating performance was slightly better than expected. First Industrial Realty Trust (FR) Beats Q2 FFO Estimates
• Positive Sentiment: Management raised 2026 FFO guidance by $0.02 at the midpoint, signaling confidence in the outlook after the quarter. First Industrial Realty Trust Reports Second Quarter 2026 Results
• Positive Sentiment: Operational metrics were strong, including 6.7% cash same-store NOI growth, 39% cash rental rate increases, and new lease activity that supports future revenue growth. First Industrial Realty Trust Reports Second Quarter 2026 Results
• Neutral Sentiment: The company signed a large 708,000-square-foot lease and started development on a new 613,000-square-foot project, both of which reinforce its logistics real estate pipeline. First Industrial Realty Trust Reports Second Quarter 2026 Results
• Negative Sentiment: Reported EPS came in at $0.58, well below the $0.80 analyst estimate, and revenue of $194.94 million was slightly under expectations, which likely weighed on the stock. Conference call and earnings report
• Negative Sentiment: Investors may also be reacting to the weaker-than-expected headline earnings despite solid FFO, creating uncertainty around near-term profitability. First Industrial Realty Trust, Inc. (FR) Q2 2026 Earnings Call Transcript

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.