Jupiter Topco LLC Acquires Shares of 60,571 First Industrial Realty Trust, Inc. $FR

Jupiter Topco LLC acquired a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the second quarter, Holdings Channel.com reports. The fund acquired 60,571 shares of the real estate investment trust’s stock, valued at approximately $3,715,000.

A number of other institutional investors have also made changes to their positions in FR. Measured Wealth Private Client Group LLC purchased a new position in shares of First Industrial Realty Trust in the third quarter valued at $26,000. Parallel Advisors LLC increased its stake in First Industrial Realty Trust by 86.9% during the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 291 shares during the period. Trust Co. of Vermont purchased a new stake in First Industrial Realty Trust during the 2nd quarter worth $39,000. Caitong International Asset Management Co. Ltd lifted its holdings in First Industrial Realty Trust by 64.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 301 shares in the last quarter. Finally, Danske Bank A S acquired a new position in First Industrial Realty Trust in the 3rd quarter worth $51,000. 99.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on FR shares. Weiss Ratings restated a “buy (b)” rating on shares of First Industrial Realty Trust in a research note on Friday, July 24th. KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. Truist Financial increased their price target on First Industrial Realty Trust from $67.00 to $73.00 and gave the company a “buy” rating in a report on Monday, July 27th. Raymond James Financial restated a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Finally, Citigroup lifted their price objective on First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.43.

First Industrial Realty Trust Trading Up 0.8%

NYSE FR opened at $62.35 on Wednesday. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 22.76 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.44. First Industrial Realty Trust, Inc. has a 12 month low of $50.24 and a 12 month high of $69.88. The company’s fifty day moving average price is $64.25 and its two-hundred day moving average price is $62.28.

First Industrial Realty Trust (NYSE:FR) last released its earnings results 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). The company had revenue of $194.94 million during the quarter, compared to the consensus estimate of $195.81 million. First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.First Industrial Realty Trust’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. As a group, research analysts predict that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Investors of record on Wednesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th. First Industrial Realty Trust’s payout ratio is currently 72.99%.

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.