Intel stock spikes after report of possible US government stake
First Industrial Realty Trust Inc . (NYSE:FR) stock soared to a 52-week high, reaching $58.17, signaling strong investor confidence in the company’s market position and growth prospects. The $7.9 billion market cap REIT boasts a GREAT financial health score according to InvestingPro analysis, though current trading levels suggest the stock may be overvalued relative to its Fair Value. This peak comes amidst a broader market that has seen varying performances in the real estate sector. The company has delivered an impressive 15% return year-to-date, while maintaining a solid 3.1% dividend yield and extending its streak of dividend raises to 12 consecutive years. Over the past year, First Industrial Realty Trust has witnessed a substantial 9.21% change in its stock price, reflecting a robust recovery and potential anticipation of continued positive financial results. Investors are closely monitoring the stock as it maintains its upward trajectory, setting new benchmarks for its performance. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about FR’s outlook.
In other recent news, First Industrial Realty Trust has been the subject of several analyst updates and developments. Goldman Sachs recently upgraded the company’s stock from Sell to Neutral, with an increased price target of $59.00, citing projected earnings growth in 2025. Truist Securities maintained a Buy rating, noting that the company exceeded expectations with its funds from operations (FFO) per share for the fourth quarter and full year of 2025, along with a strong performance in development leasing. The firm highlighted a 1.4 million square feet achievement in development leasing, surpassing the expected 400,000 square feet, and issued guidance for 2025 FFO per share at $2.92, above consensus estimates.
Deutsche Bank (ETR:DBKGn) initiated coverage with a Hold rating and a price target of $52.00, acknowledging the company’s geographic and tenant diversification as beneficial. However, concerns were raised about a national slowdown in demand that could affect First Industrial Realty Trust, particularly due to its presence in Southern California and speculative development strategy. Despite these challenges, Deutsche Bank noted the company’s potential for strong earnings growth in 2025, supported by favorable sub-market exposure. Additionally, First Industrial Realty Trust anticipates a cash same-store net operating income growth of 6.5%, outperforming Prologis (NYSE:PLD) Inc.’s guidance. These developments reflect the company’s strong operational execution and potential for continued growth, even amid broader market headwinds.
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