First Industrial Realty Trust (NYSE:FR) Issues FY 2026 Earnings Guidance
by Danessa Lincoln · The Markets DailyFirst Industrial Realty Trust (NYSE:FR – Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 3.090-3.190 for the period, compared to the consensus EPS estimate of 2.250. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
Several research firms have weighed in on FR. Barclays restated a “positive” rating and set a $64.00 price target on shares of First Industrial Realty Trust in a report on Tuesday, January 13th. Truist Financial raised their price target on First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Robert W. Baird set a $65.00 price target on First Industrial Realty Trust in a report on Tuesday, February 17th. Finally, iA Financial set a $67.00 price target on First Industrial Realty Trust in a report on Monday, January 5th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, First Industrial Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $63.29.
View Our Latest Stock Report on FR
First Industrial Realty Trust Trading Up 0.1%
Shares of NYSE:FR traded up $0.05 during trading on Wednesday, hitting $63.26. The company had a trading volume of 1,253,416 shares, compared to its average volume of 1,047,437. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 34.01 and a beta of 1.11. First Industrial Realty Trust has a one year low of $46.51 and a one year high of $64.66. The company has a fifty day simple moving average of $60.36 and a two-hundred day simple moving average of $58.09. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12.
First Industrial Realty Trust (NYSE:FR – Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.79. First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The business had revenue of $194.83 million during the quarter, compared to analyst estimates of $190.80 million. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, equities analysts forecast that First Industrial Realty Trust will post 3.17 earnings per share for the current year.
First Industrial Realty Trust Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Tuesday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s dividend payout ratio is 107.53%.
Institutional Investors Weigh In On First Industrial Realty Trust
A number of institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its stake in shares of First Industrial Realty Trust by 2.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock worth $554,000 after acquiring an additional 211 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of First Industrial Realty Trust by 1.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 14,870 shares of the real estate investment trust’s stock worth $852,000 after acquiring an additional 260 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of First Industrial Realty Trust by 27.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 262 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of First Industrial Realty Trust by 86.9% during the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 291 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 301 shares during the last quarter. 99.85% of the stock is owned by institutional investors.
First Industrial Realty Trust Company Profile
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.