First Industrial Realty Trust (NYSE:FR) Sees Large Volume Increase – Still a Buy?

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) saw unusually-high trading volume on Thursday. Approximately 1,782,522 shares traded hands during mid-day trading, an increase of 67% from the previous session’s volume of 1,065,565 shares. The stock last traded at $55.2870 and had previously closed at $59.40.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on FR shares. Wells Fargo & Company lifted their price objective on shares of First Industrial Realty Trust from $61.00 to $66.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. UBS Group set a $71.00 target price on First Industrial Realty Trust in a research report on Friday. Robert W. Baird increased 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $71.00 price target (down from $86.00) on shares of First Industrial Realty Trust in a report on Friday. Finally, Scotiabank lifted their price target on First Industrial Realty Trust from $63.00 to $66.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.00.

First Industrial Realty Trust Stock Performance

The stock has a market capitalization of $7.22 billion, a P/E ratio of 20.25 and a beta of 1.03. The company has a quick ratio of 1.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average price of $60.76 and a two-hundred day moving average price of $62.29.

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

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 19th. Investors of record on Wednesday, September 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio is 72.99%.

Institutional Investors Weigh In On First Industrial Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC grew its position in First Industrial Realty Trust by 2.0% during the first quarter. Sequoia Financial Advisors LLC now owns 8,184 shares of the real estate investment trust’s stock valued at $473,000 after acquiring an additional 163 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of First Industrial Realty Trust by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust’s stock worth $258,000 after acquiring an additional 183 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of First Industrial Realty Trust by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 36,580 shares of the real estate investment trust’s stock worth $2,243,000 after acquiring an additional 207 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of First Industrial Realty Trust by 2.9% in the 3rd quarter. Versant Capital Management Inc now owns 8,525 shares of the real estate investment trust’s stock worth $508,000 after acquiring an additional 242 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its holdings in shares of First Industrial Realty Trust by 3.3% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 8,669 shares of the real estate investment trust’s stock worth $502,000 after acquiring an additional 274 shares during the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Company Profile

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.