First Industrial Realty Trust (NYSE:FR) Sees Strong Trading Volume – Still a Buy?

Posted by George Bondi on Oct 22nd, 2026

First Industrial Realty Trust, Inc. (NYSE:FR – Get Free Report) shares saw unusually-strong trading volume on Thursday. 1,782,522 shares changed hands during mid-day trading, an increase of 67% from the previous session’s volume of 1,065,565 shares. The stock last traded at $55.2870 and had previously closed at $59.40.

Wall Street Analysts Forecast Growth

FR has been the subject of a number of recent research reports. Citigroup raised their price objective on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Weiss Ratings lowered First Industrial Realty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $71.00 target price on shares of First Industrial Realty Trust in a report on Monday, July 27th. Wells Fargo & Company raised their price target on First Industrial Realty Trust from $61.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. Finally, Truist Financial boosted 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, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, First Industrial Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $68.08.

Read Our Latest Report on First Industrial Realty Trust

First Industrial Realty Trust Stock Performance

The stock’s 50-day moving average is $61.09 and its 200-day moving average is $62.37. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 20.19 and a beta of 1.03.

First Industrial Realty Trust (NYSE:FR – Get Free Report) last posted its earnings results on Wednesday, October 21st. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The company had revenue of $197.12 million during the quarter, compared to analyst estimates of $196.41 million. During the same quarter last year, the business posted $0.76 EPS. First Industrial Realty Trust’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that First Industrial Realty Trust, Inc. will post 3.17 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 72.99%.

Hedge Funds Weigh In On First Industrial Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in First Industrial Realty Trust by 66.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,737 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 2,289 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of First Industrial Realty Trust by 21.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 180,619 shares of the real estate investment trust’s stock worth $10,754,000 after acquiring an additional 32,000 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of First Industrial Realty Trust by 8.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,858 shares of the real estate investment trust’s stock worth $2,016,000 after acquiring an additional 2,518 shares during the period. Bank of Stockton lifted its stake in shares of First Industrial Realty Trust by 5.5% in the 3rd quarter. Bank of Stockton now owns 30,860 shares of the real estate investment trust’s stock worth $1,837,000 after acquiring an additional 1,609 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in First Industrial Realty Trust in the third quarter worth approximately $31,608,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Company Profile

(Get Free Report)

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.