FR, US32054K1034

Wells Fargo sets USD 66 target for First Industrial Realty Trust stock

Published on 10/20/2026 at 20:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 21, 2026, with the call October 22. First Industrial Realty Trust stock costs EUR 52.75 on October 20, 2026.

Reporting date October 21, 2026

Wells Fargo assigned a USD 66.00 target and Hold rating on October 14, 2026.
First Industrial owns or is developing 72.10 million square feet as of June 30, 2026.
First Industrial Realty Trust stock costs EUR 52.75 at Lang & Schwarz on October 20, 2026 at 8:35 p.m. CEST.
Third quarter results are due October 21, 2026, with the conference call on October 22, 2026.

FR, US32054K1034, Illustration mit AI erstellt.

First Industrial Realty Trust (ISIN US32054K1034) faces a closely watched earnings date after Wells Fargo analyst Blaine Heck assigned a Hold rating and a USD 66.00 price target on October 14, 2026, according to Markets Insider. The stock was trading at EUR 52.75 at Lang & Schwarz on October 20, 2026 at 8:35 p.m. CEST.

Wells Fargo sets a measured target

The USD 66.00 target sits above the NYSE quote of USD 59.20 at 2:38 p.m. ET on October 20, 2026. That market price was up 1.73 percent on the session, while the target and rating provide a separate reference for the upcoming results.

First Industrial reported USD 194.94 million in second-quarter revenue for the period ended June 30, 2026, up 8.20 percent from the prior year. Net income reached USD 77.10 million, compared with USD 55.15 million a year earlier, according to Markets Insider.

Industrial portfolio supports the scale

As of June 30, 2026, First Industrial owned or had under development 72.10 million square feet across 15 target metropolitan areas. The company describes itself as a U.S.-only owner, operator, developer and acquirer of logistics properties in its investor materials at First Industrial Realty Trust.

How does FR compare with peers?

Comparison with peers

First Industrial Realty Trust: up 1.73 percent on the NYSE, P/E 21.60, market capitalization USD 7.8 billion.

Prologis (NYSE, USD): up 2.24 percent, P/E 27.99, market capitalization USD 120.6 billion.

Rexford Industrial Realty (NYSE, USD): up 1.88 percent, P/E minus 20.24, market capitalization USD 8.5 billion.

Dates for the earnings cycle

First Industrial Realty Trust scheduled the third-quarter 2026 results release for October 21, 2026, after the market close, followed by the conference call on October 22, 2026 at 11:00 a.m. ET. The dates were listed in the company's investor calendar.

The next report will give investors a new operating reference after the second-quarter revenue increase and the USD 66.00 Wells Fargo target. The company also listed a quarterly dividend of USD 0.50 in recent market coverage.

FR price and valuation frame

FR's NYSE quote of USD 59.20 on October 20, 2026 stood 9.16 percent above its USD 54.23 52-week low and 15.28 percent below its USD 69.88 high. The market capitalization was USD 7.8 billion, with a P/E ratio of 21.60 and a trailing dividend yield of 3.00 percent.

The further course of trading is shown by the continuously updated real-time quote of First Industrial Realty Trust stock.