A series of analysts have recently updated their ratings and price targets for First Industrial Realty Trust (NYSE: FR), reflecting varying outlooks on the company’s performance. On January 8, 2026, analysts at Robert W. Baird assigned a new price target of $64.00 for the real estate investment trust, indicating a positive outlook.
Just a few days earlier, on January 5, 2026, multiple analysts made significant revisions. Analysts at Cantor Fitzgerald reaffirmed their “neutral” rating while setting a price target of $58.00. In contrast, Industrial Alliance Securities initiated a new price target of $67.00 for the stock. Additionally, Deutsche Bank Aktiengesellschaft upgraded First Industrial Realty from a “hold” rating to a “buy” rating, also setting their price target at $67.00.
Earlier in December 2025, the company saw further adjustments. On December 4, UBS Group AG provided a new price target of $62.00 while Mizuho raised its target from $56.00 to $62.00, maintaining an “outperform” rating. Similarly, on November 10, Scotiabank increased its price target from $54.00 to $57.00, giving the stock a “sector perform” rating.
Quarterly Dividend Announcement
In conjunction with these rating updates, First Industrial Realty Trust announced a quarterly dividend of $0.445 per share, which is set to be paid on January 20, 2026. Shareholders on record as of December 31, 2025, will receive this dividend, equating to an annualized dividend of $1.78 and a yield of 3.0%. The ex-dividend date is also December 31, 2025. The company’s current payout ratio stands at 99.44%, indicating a high portion of earnings allocated to dividends.
Insider Activity
In related news, Johannson L. Yap, Chief Investment Officer of First Industrial Realty Trust, sold 680 shares of the company on December 17, 2025. The shares were sold at an average price of $58.37, totaling $39,691.60. Following this transaction, Yap owns 3,770 shares valued at approximately $220,054.90, representing a decrease in his holdings by 15.28%. This transaction was disclosed in a filing with the Securities and Exchange Commission.
First Industrial Realty Trust, Inc. is a publicly traded real estate investment trust that focuses on the ownership, operation, and development of industrial real estate assets. The company specializes in light industrial, warehouse, and distribution facilities, catering to a diverse array of end markets such as manufacturing, transportation, and e-commerce. Through strategic acquisitions and ground-up developments, First Industrial aims to build a diversified portfolio of properties that meet the supply chain needs of its tenants. Core services include property leasing, asset management, and redevelopment of existing structures to suit tenant requirements.
As analysts continue to revise their ratings and price targets, stakeholders will be keenly observing how these changes impact First Industrial Realty Trust’s stock performance in the coming months.
