First Industrial Realty Trust, Inc. (NYSE:FR) Stock Has Consensus Price Target of $67.43 According to Brokerages

Posted by Brenda Bartman on Oct 3rd, 2026

First Industrial Realty Trust, Inc. (NYSE:FR – Get Free Report) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $67.43.

A number of analysts recently issued reports on FR shares. Scotiabank boosted their price target on First Industrial Realty Trust from $63.00 to $66.00 and gave the company a “sector perform” rating in a report on Wednesday, August 12th. Weiss Ratings lowered First Industrial Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 8th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. Wells Fargo & Company upped their target price on First Industrial Realty Trust from $61.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. Finally, Citigroup increased their price target on First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th.

Read Our Latest Report on FR

First Industrial Realty Trust Stock Up 1.0%

NYSE:FR opened at $59.46 on Wednesday. First Industrial Realty Trust has a twelve month low of $50.24 and a twelve month high of $69.88. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 21.70 and a beta of 1.03. The stock has a fifty day simple moving average of $62.53 and a 200-day simple moving average of $62.29. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89.

First Industrial Realty Trust (NYSE:FR – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.22). The company had revenue of $194.94 million for the quarter, compared to analysts’ expectations of $195.81 million. First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Analysts anticipate that First Industrial Realty Trust will post 3.17 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio is presently 72.99%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FR. Trust Co. of Vermont acquired a new stake in First Industrial Realty Trust during the second quarter worth about $39,000. Persistent Asset Partners Ltd purchased a new position in shares of First Industrial Realty Trust during the 2nd quarter valued at approximately $70,000. State of Wyoming purchased a new position in shares of First Industrial Realty Trust during the 2nd quarter valued at approximately $71,000. Parallel Advisors LLC lifted its stake in shares of First Industrial Realty Trust by 120.8% in the 1st quarter. Parallel Advisors LLC now owns 1,382 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 756 shares during the period. Finally, Allworth Financial LP acquired a new position in shares of First Industrial Realty Trust in the 2nd quarter valued at $94,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

About First Industrial Realty Trust

(Get Free Report)

First Industrial Realty Trust, Inc is a self-administered and self-managed real estate investment trust that owns, operates, acquires, develops and manages industrial properties in the United States. The company focuses primarily on warehouse, distribution, logistics and light industrial facilities that serve manufacturers, distributors, retailers and other businesses.

First Industrial’s portfolio is concentrated in major logistics and industrial markets, including locations near population centers, transportation infrastructure and key distribution hubs.