UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $48.22 Million Stake in First Industrial Realty Trust, Inc. $FR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 27,323.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 786,503 shares of the real estate investment trust’s stock after acquiring an additional 783,635 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in First Industrial Realty Trust were worth $48,220,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its stake in shares of First Industrial Realty Trust by 2.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 8,184 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 163 shares during the period. Fifth Third Wealth Advisors LLC raised its position in First Industrial Realty Trust by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust’s stock valued at $258,000 after buying an additional 183 shares during the last quarter. Quadrant Capital Group LLC raised its position in First Industrial Realty Trust by 2.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock valued at $554,000 after buying an additional 211 shares during the last quarter. Fifth Third Bancorp lifted its stake in First Industrial Realty Trust by 16.0% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 242 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in First Industrial Realty Trust by 1.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 14,870 shares of the real estate investment trust’s stock valued at $852,000 after acquiring an additional 260 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FR shares. Royal Bank Of Canada raised their price target on shares of First Industrial Realty Trust from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Truist Financial boosted their price objective on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. KeyCorp restated a “sector weight” rating on shares of First Industrial Realty Trust in a report on Wednesday, June 10th. Citigroup lifted their price target on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Finally, Robert W. Baird boosted their price target on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $67.43.

First Industrial Realty Trust Trading Down 1.3%

NYSE FR opened at $61.60 on Thursday. The company has a market cap of $8.17 billion, a PE ratio of 22.48 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89. First Industrial Realty Trust, Inc. has a 12 month low of $50.24 and a 12 month high of $69.88. The stock has a 50 day moving average of $64.22 and a 200-day moving average of $62.31.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.22). First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The firm had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. First Industrial Realty Trust’s quarterly revenue was up 8.2% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 3.17 EPS 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. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. First Industrial Realty Trust’s payout ratio is currently 72.99%.

About First Industrial Realty Trust

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.