10,166 Shares in First Industrial Realty Trust, Inc. $FR Purchased by Capital Square LLC

Capital Square LLC acquired a new position in First Industrial Realty Trust, Inc. (NYSE:FR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,166 shares of the real estate investment trust’s stock, valued at approximately $661,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FR. Measured Wealth Private Client Group LLC bought a new position in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $26,000. Parallel Advisors LLC boosted its stake in shares of First Industrial Realty Trust by 86.9% in 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 last quarter. Trust Co. of Vermont bought a new position in shares of First Industrial Realty Trust in the second quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of First Industrial Realty Trust by 64.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 301 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in shares of First Industrial Realty Trust during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

Shares of FR stock opened at $62.94 on Monday. The stock has a market capitalization of $8.34 billion, a P/E ratio of 22.97 and a beta of 1.04. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89. The firm’s 50 day moving average is $64.23 and its 200 day moving average is $62.12. First Industrial Realty Trust, Inc. has a 12 month low of $49.58 and a 12 month high of $69.88.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate 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 business had revenue of $194.94 million during the quarter, compared to the consensus estimate of $195.81 million. During the same period last year, the business posted $0.76 earnings per share. The firm’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, sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 72.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FR. Truist Financial lifted their price target on First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Citigroup upped their price objective on 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. Robert W. Baird raised their target price on First Industrial Realty Trust from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Wells Fargo & Company lowered their target price on First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $67.07.

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.