Raymond James Financial Upgrades First Industrial Realty Trust (NYSE:FR) to “Strong-Buy”

Posted by Brenda Bartman on Jun 19th, 2026

First Industrial Realty Trust (NYSE:FR – Get Free Report) was upgraded by equities researchers at Raymond James Financial to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

FR has been the subject of a number of other research reports. Scotiabank boosted their price target on First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Robert W. Baird lifted their price target on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $65.00 price objective on shares of First Industrial Realty Trust in a report on Monday, April 27th. Truist Financial upped their price target on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.20.

View Our Latest Research Report on FR

First Industrial Realty Trust Stock Up 1.8%

FR stock opened at $61.77 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90. First Industrial Realty Trust has a 1 year low of $47.36 and a 1 year high of $64.66. The company has a fifty day simple moving average of $62.04 and a 200 day simple moving average of $60.07. The firm has a market cap of $8.19 billion, a PE ratio of 23.94 and a beta of 1.05.

Institutional Trading of First Industrial Realty Trust

A number of hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its position in shares of First Industrial Realty Trust by 41.1% during 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 grew its position in First Industrial Realty Trust by 141.1% during the second 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 in the last quarter. Baird Financial Group Inc. increased its stake in First Industrial Realty Trust by 4.4% during the second quarter. Baird Financial Group Inc. now owns 55,781 shares of the real estate investment trust’s stock valued at $2,685,000 after acquiring an additional 2,356 shares during the period. Cresset Asset Management LLC bought a new position in First Industrial Realty Trust during the second quarter valued at about $275,000. Finally, Cerity Partners LLC raised its holdings in First Industrial Realty Trust by 463.4% in the 2nd quarter. Cerity Partners LLC now owns 63,013 shares of the real estate investment trust’s stock valued at $3,033,000 after acquiring an additional 51,828 shares in the last quarter. 99.85% of the stock is owned by institutional investors.

About First Industrial Realty Trust

(Get Free Report)

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.