Public Sector Pension Investment Board Buys Shares of 95,000 First Industrial Realty Trust, Inc. $FR

Public Sector Pension Investment Board bought a new position in First Industrial Realty Trust, Inc. (NYSE:FR) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 95,000 shares of the real estate investment trust’s stock, valued at approximately $4,890,000. Public Sector Pension Investment Board owned about 0.07% of First Industrial Realty Trust as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. AlphaQuest LLC grew its holdings in shares of First Industrial Realty Trust by 0.5% in the third quarter. AlphaQuest LLC now owns 41,416 shares of the real estate investment trust’s stock valued at $2,132,000 after purchasing an additional 193 shares during the period. Global Retirement Partners LLC grew its stake in shares of First Industrial Realty Trust by 3.6% in the 3rd quarter. Global Retirement Partners LLC now owns 5,670 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 195 shares during the period. ProShare Advisors LLC increased its holdings in shares of First Industrial Realty Trust by 4.0% during the 2nd quarter. ProShare Advisors LLC now owns 5,870 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 228 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of First Industrial Realty Trust by 0.9% during the 2nd quarter. Corient Private Wealth LLC now owns 26,595 shares of the real estate investment trust’s stock worth $1,280,000 after buying an additional 229 shares during the last quarter. Finally, Amalgamated Bank raised its position in shares of First Industrial Realty Trust by 0.4% during the 2nd quarter. Amalgamated Bank now owns 60,879 shares of the real estate investment trust’s stock valued at $2,930,000 after buying an additional 257 shares during the period. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $60.79 on Friday. The company has a market cap of $8.06 billion, a P/E ratio of 32.68 and a beta of 1.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a 50-day moving average of $58.54 and a two-hundred day moving average of $55.11. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $60.87.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The business had revenue of $188.41 million for the quarter, compared to analyst estimates of $186.20 million. During the same period in the prior year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, March 31st. First Industrial Realty Trust’s payout ratio is presently 95.70%.

Analyst Ratings Changes

FR has been the subject of several analyst reports. Citigroup increased their price objective on First Industrial Realty Trust from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. UBS Group set a $62.00 price target on First Industrial Realty Trust in a report on Thursday, December 4th. Truist Financial boosted their price objective on shares of First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird set a $65.00 target price on shares of First Industrial Realty Trust in a research report on Tuesday. Finally, Royal Bank Of Canada lifted their price target on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $63.21.

Insider Activity at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the sale, the executive owned 3,770 shares of the company’s stock, valued at approximately $220,054.90. This represents a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is currently owned by company insiders.

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.