First Industrial Realty Trust, Inc. (NYSE:FR) Stock Now Rated “Hold” by Wall Street Analysts

Posted by George Bondi on Nov 1st, 2026

First Industrial Realty Trust, Inc. (NYSE:FR – Get Free Report) has been assigned an average rating of “Hold” from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $66.07.

Several equities analysts recently commented on FR shares. Barclays upped their price objective on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Weiss Ratings downgraded First Industrial Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 8th. Cantor Fitzgerald lowered their target price on First Industrial Realty Trust from $71.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, October 26th. JPMorgan Chase & Co. cut First Industrial Realty Trust from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $74.00 to $60.00 in a research report on Friday. Finally, Citigroup dropped their price target on First Industrial Realty Trust from $72.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday.

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First Industrial Realty Trust Stock Down 1.1%

FR opened at $54.39 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.92. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 20.22 and a beta of 1.03. First Industrial Realty Trust has a twelve month low of $54.16 and a twelve month high of $69.88. The company’s 50-day moving average price is $59.99 and its two-hundred day moving average price is $61.34.

First Industrial Realty Trust (NYSE:FR – Get Free Report) last released its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.38). First Industrial Realty Trust had a net margin of 46.12% and a return on equity of 12.60%. The company had revenue of $197.12 million for the quarter, compared to the consensus estimate of $196.41 million. During the same period in the prior year, the company earned $0.76 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts expect that First Industrial Realty Trust will post 3.16 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 19th. Investors of record on Wednesday, September 30th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Wednesday, September 30th. First Industrial Realty Trust’s payout ratio is currently 74.35%.

Institutional Investors Weigh In On First Industrial Realty Trust

Several institutional investors have recently added to or reduced their stakes in FR. Covestor Ltd increased its stake in shares of First Industrial Realty Trust by 250.8% in the third quarter. Covestor Ltd now owns 414 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 296 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of First Industrial Realty Trust in the second quarter valued at approximately $39,000. Elevation Wealth Partners LLC raised its position in shares of First Industrial Realty Trust by 94.1% in the third quarter. Elevation Wealth Partners LLC now owns 751 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 364 shares during the period. Persistent Asset Partners Ltd purchased a new stake in shares of First Industrial Realty Trust during the 2nd quarter valued at approximately $70,000. Finally, State of Wyoming purchased a new stake in shares of First Industrial Realty Trust during the 2nd quarter valued at approximately $71,000. 99.85% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about First Industrial Realty Trust

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

Positive Sentiment: Royal Bank of Canada maintained its “outperform” rating while lowering its price target to $70 from $75. The revised target still implies substantial potential upside. RBC target reduction article
Neutral Sentiment: Scotiabank reduced its price target to $61 from $66 and assigned a “sector perform” rating, signaling expectations broadly in line with the sector despite some implied upside. Scotiabank recommendations
Neutral Sentiment: Citigroup lowered its target to $60 from $72 and kept a “neutral” rating. The sharp reduction reflects a more cautious outlook, even though the new target remains above recent trading levels. Citigroup recommendations
Negative Sentiment: JPMorgan downgraded First Industrial Realty Trust from “overweight” to “neutral” and cut its price target to $60 from $74. This was the most notable negative revision and likely contributed to selling pressure. JPMorgan downgrade article
Negative Sentiment: The latest quarterly results also remain a concern: earnings per share came in well below consensus, while revenue increased year over year. The earnings shortfall may be reinforcing analysts’ more conservative valuations.

About First Industrial Realty Trust

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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.