First Industrial Realty Trust (NYSE:FR) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Posted by on Jul 29th, 2026

First Industrial Realty Trust (NYSE:FR – Get Free Report) had its target price increased by Robert W. Baird from $71.00 to $74.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s target price would indicate a potential upside of 11.75% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Barclays lifted their target price on First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Industrial Realty Trust in a research report on Friday. Cantor Fitzgerald reissued a “neutral” rating and set a $71.00 price target on shares of First Industrial Realty Trust in a report on Monday. 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. Finally, Wells Fargo & Company decreased their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.21.

Get Our Latest Analysis on First Industrial Realty Trust

First Industrial Realty Trust Stock Down 0.4%

First Industrial Realty Trust stock opened at $66.22 on Wednesday. First Industrial Realty Trust has a 1-year low of $47.38 and a 1-year high of $69.88. The business has a fifty day moving average price of $63.65 and a 200-day moving average price of $61.45. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05.

First Industrial Realty Trust (NYSE:FR – Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.First Industrial Realty Trust’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Equities research analysts forecast that First Industrial Realty Trust will post 3.16 EPS for the current fiscal year.

Institutional Trading of First Industrial Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of FR. Sequoia Financial Advisors LLC raised its holdings in First Industrial Realty Trust by 2.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 8,184 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 163 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in First Industrial Realty Trust by 4.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 183 shares during the period. Quadrant Capital Group LLC increased its position in shares of First Industrial Realty Trust by 2.0% during the third quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock valued at $554,000 after acquiring an additional 211 shares during the last quarter. Signaturefd LLC increased its position in shares of First Industrial Realty Trust by 9.4% during the fourth quarter. Signaturefd LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 242 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of First Industrial Realty Trust by 16.0% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 242 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Company Profile

(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.

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Analyst Recommendations for First Industrial Realty Trust (NYSE:FR)

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