Sanctuary Advisors LLC Acquires Shares of 11,949 First Industrial Realty Trust, Inc. $FR

Sanctuary Advisors LLC acquired a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,949 shares of the real estate investment trust’s stock, valued at approximately $733,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of First Industrial Realty Trust in the second quarter worth about $1,021,489,000. Northwestern Mutual Wealth Management Co. raised its position in First Industrial Realty Trust by 856,065.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock valued at $560,443,000 after purchasing an additional 9,784,830 shares during the last quarter. Norges Bank purchased a new stake in First Industrial Realty Trust in the 4th quarter worth approximately $320,075,000. Cohen & Steers Inc. purchased a new stake in First Industrial Realty Trust in the 4th quarter worth approximately $118,365,000. Finally, Rush Island Management LP purchased a new stake in First Industrial Realty Trust in the 2nd quarter worth approximately $79,904,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FR shares. Royal Bank Of Canada boosted their target price on First Industrial Realty Trust from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. KeyCorp reaffirmed a “sector weight” rating on shares of First Industrial Realty Trust in a research note 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 report on Tuesday, July 28th. Barclays boosted their price objective on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company decreased their price objective on shares of 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. One equities 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, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $67.07.

First Industrial Realty Trust Stock Down 0.7%

FR stock opened at $61.93 on Friday. First Industrial Realty Trust, Inc. has a fifty-two week low of $50.24 and a fifty-two week high of $69.88. The business’s 50 day moving average price is $64.31 and its two-hundred day moving average price is $62.23. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 22.60 and a beta of 1.04.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $194.94 million during the quarter, compared to analysts’ expectations of $195.81 million. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s revenue for the quarter 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. As a group, analysts forecast that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

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

First Industrial Realty Trust Company 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.