Sei Investments Co. Acquires 54,687 Shares of First Industrial Realty Trust, Inc. $FR

Sei Investments Co. increased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 14.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 440,884 shares of the real estate investment trust’s stock after purchasing an additional 54,687 shares during the period. Sei Investments Co.’s holdings in First Industrial Realty Trust were worth $25,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. M&T Bank Corp bought a new stake in shares of First Industrial Realty Trust in the 4th quarter valued at approximately $1,134,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in First Industrial Realty Trust by 7.5% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 209,488 shares of the real estate investment trust’s stock valued at $11,997,000 after buying an additional 14,693 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in First Industrial Realty Trust by 4.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 959,917 shares of the real estate investment trust’s stock valued at $54,974,000 after acquiring an additional 44,678 shares during the period. Artemis Investment Management LLP grew its position in First Industrial Realty Trust by 8.8% in the fourth quarter. Artemis Investment Management LLP now owns 1,154,879 shares of the real estate investment trust’s stock valued at $66,140,000 after acquiring an additional 92,984 shares during the period. Finally, Convergence Investment Partners LLC acquired a new position in First Industrial Realty Trust during the first quarter worth $1,367,000. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 0.4%

Shares of NYSE FR opened at $66.22 on Wednesday. First Industrial Realty Trust, Inc. has a 12-month low of $47.38 and a 12-month high of $69.88. The firm’s 50-day simple moving average is $63.65 and its 200 day simple moving average is $61.45. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.22). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The company had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. During the same quarter in the previous year, the business posted $0.76 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, research analysts expect that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Tuesday, June 30th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 72.99%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company cut their price objective on First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Robert W. Baird increased their target price on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Cantor Fitzgerald reissued a “neutral” rating and set a $71.00 price target on shares of First Industrial Realty Trust in a report on Monday. Truist Financial boosted their price target on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the company a “buy” rating in a research report on Monday. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $65.79.

First Industrial Realty Trust 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.