First Industrial Realty Trust (NYSE:FR) Reaches New 1-Year High – Here’s Why

First Industrial Realty Trust, Inc. (NYSE:FR) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $60.87 and last traded at $60.4370, with a volume of 571356 shares changing hands. The stock had previously closed at $60.40.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of First Industrial Realty Trust from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Monday, January 5th. Cantor Fitzgerald boosted their target price on First Industrial Realty Trust from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Citigroup increased their target price on 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. Finally, Robert W. Baird set a $65.00 price target on First Industrial Realty Trust in a report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.21.

First Industrial Realty Trust Trading Up 0.4%

The business’s 50-day moving average price is $58.51 and its two-hundred day moving average price is $55.07. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 32.61 and a beta of 1.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12.

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

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, March 31st. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s payout ratio is currently 95.70%.

Insider Transactions at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the sale, the executive directly owned 3,770 shares in the company, valued at $220,054.90. This represents a 15.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On First Industrial Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC acquired a new position in First Industrial Realty Trust during the 3rd quarter worth approximately $26,000. Parallel Advisors LLC raised its stake in shares of First Industrial Realty Trust by 86.9% during the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 291 shares during the period. Mather Group LLC. acquired a new position in shares of First Industrial Realty Trust during the third quarter worth $39,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of First Industrial Realty Trust by 64.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 301 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in First Industrial Realty Trust during the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Company Profile

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.