Erste Asset Management GmbH Makes New $897,000 Investment in First Industrial Realty Trust, Inc. $FR

Erste Asset Management GmbH acquired a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the third quarter, HoldingsChannel.com reports. The fund acquired 17,400 shares of the real estate investment trust’s stock, valued at approximately $897,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Handelsbanken Fonder AB boosted its position in shares of First Industrial Realty Trust by 52.0% during the third quarter. Handelsbanken Fonder AB now owns 71,574 shares of the real estate investment trust’s stock worth $3,684,000 after acquiring an additional 24,500 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in First Industrial Realty Trust by 5.3% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 99,956 shares of the real estate investment trust’s stock worth $5,145,000 after purchasing an additional 4,988 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of First Industrial Realty Trust by 0.6% during the 3rd quarter. Intech Investment Management LLC now owns 40,807 shares of the real estate investment trust’s stock valued at $2,100,000 after purchasing an additional 237 shares during the last quarter. Syon Capital LLC grew its position in shares of First Industrial Realty Trust by 155.7% during the third quarter. Syon Capital LLC now owns 16,173 shares of the real estate investment trust’s stock valued at $832,000 after purchasing an additional 9,849 shares in the last quarter. Finally, First National Bank of Omaha purchased a new position in shares of First Industrial Realty Trust during the third quarter valued at about $3,382,000. Institutional investors own 99.85% of the company’s stock.

Insider Transactions at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total value of $39,691.60. Following the sale, the executive directly owned 3,770 shares in the company, valued at approximately $220,054.90. This trade represents a 15.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is owned by company insiders.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock opened at $63.14 on Monday. 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 firm has a market capitalization of $8.37 billion, a P/E ratio of 33.95 and a beta of 1.11. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $64.01. The company’s 50-day moving average is $59.05 and its 200 day moving average is $55.81.

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

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio is 95.70%.

Analyst Ratings Changes

A number of equities analysts recently commented on FR shares. Royal Bank Of Canada increased their price target on First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Citigroup upped their price objective on First Industrial Realty Trust from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Scotiabank raised their target price on shares of First Industrial Realty Trust from $57.00 to $62.00 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. UBS Group set a $62.00 price target on shares of First Industrial Realty Trust in a research report on Thursday, December 4th. Finally, Mizuho increased their price objective on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $63.21.

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.