Recent changes in analyst ratings and price targets for First Industrial Realty Trust (NYSE: FR) reflect a dynamic outlook for the real estate investment trust. A series of updates from various financial institutions over the past few weeks indicate a cautious yet optimistic sentiment regarding the company’s future performance.
On January 8, 2026, analysts at Robert W. Baird set a new price target of $64.00 for First Industrial Realty Trust. Earlier, on January 5, 2026, Cantor Fitzgerald reaffirmed its “neutral” rating, adjusting its price target to $58.00. That same day, Industrial Alliance Securities introduced a new target of $67.00. Additionally, Deutsche Bank Aktiengesellschaft upgraded the stock from “hold” to “buy,” also setting a price target of $67.00.
Earlier in the month, on December 4, 2025, UBS Group AG established a price target of $62.00, while Mizuho raised its target from $56.00 to $62.00 and changed its rating to “outperform.” On November 10, 2025, Scotiabank adjusted its price target from $54.00 to $57.00, maintaining a “sector perform” rating.
Dividend Announcement and Insider Activity
In addition to these rating changes, First Industrial Realty Trust recently announced a quarterly dividend of $0.445 per share, set to be paid on January 20, 2026. Shareholders on record as of December 31, 2025, will receive this dividend, which translates to an annualized amount of $1.78 and a yield of 3.0%. The ex-dividend date is also December 31, 2025, with the company currently maintaining a payout ratio of 99.44%.
There has also been notable insider activity within the company. On December 17, 2025, Chief Investment Officer Johannson L. Yap sold 680 shares at an average price of $58.37, totaling approximately $39,691.60. Following this transaction, Yap retained 3,770 shares, valued at around $220,054.90, reflecting a 15.28% reduction in their holdings. The transaction details were disclosed in a filing with the Securities and Exchange Commission.
Company Overview
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 that cater to a diverse range of markets, including manufacturing, transportation, and e-commerce.
Through strategic acquisitions and ground-up developments, First Industrial aims to build a diversified portfolio of properties that effectively meet its tenants’ supply chain needs. Core services offered by the company include property leasing, asset management, and redevelopment of obsolete buildings, in addition to build-to-suit developments for creditworthy users.
As First Industrial Realty Trust continues to adapt to market conditions, these analyst ratings and insider activities provide valuable insights into its trajectory and investor sentiment.
