London Co. of Virginia Acquires 19,603 Shares of First Industrial Realty Trust, Inc. $FR

London Co. of Virginia lifted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 2.4% during the first quarter, HoldingsChannel.com reports. The firm owned 839,637 shares of the real estate investment trust’s stock after purchasing an additional 19,603 shares during the quarter. London Co. of Virginia’s holdings in First Industrial Realty Trust were worth $48,573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FR. Entropy Technologies LP increased its position in First Industrial Realty Trust by 117.6% during the 1st quarter. Entropy Technologies LP now owns 50,754 shares of the real estate investment trust’s stock valued at $2,936,000 after buying an additional 27,433 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of First Industrial Realty Trust in the first quarter worth $260,000. Public Employees Retirement System of Ohio grew its stake in shares of First Industrial Realty Trust by 26.3% in the first quarter. Public Employees Retirement System of Ohio now owns 290,663 shares of the real estate investment trust’s stock worth $16,815,000 after acquiring an additional 60,459 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of First Industrial Realty Trust in the first quarter worth $1,051,000. Finally, Liberty One Investment Management LLC increased its holdings in shares of First Industrial Realty Trust by 30.2% during the first quarter. Liberty One Investment Management LLC now owns 98,099 shares of the real estate investment trust’s stock valued at $5,675,000 after acquiring an additional 22,758 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

NYSE FR opened at $66.98 on Friday. First Industrial Realty Trust, Inc. has a one year low of $47.38 and a one year high of $69.88. The stock has a 50-day moving average of $63.46 and a 200 day moving average of $61.31. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.04 and a current ratio of 1.44. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 24.44 and a beta of 1.05.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.22). The company had revenue of $194.94 million for the quarter, compared to the consensus estimate of $195.81 million. First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. First Industrial Realty Trust’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Tuesday, June 30th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.0%. First Industrial Realty Trust’s dividend payout ratio is 72.99%.

Analyst Ratings Changes

A number of brokerages recently issued reports on FR. Wells Fargo & Company dropped their price target on shares of 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. KeyCorp restated a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. Truist Financial lifted their target price on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Raymond James Financial reiterated a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Finally, Robert W. Baird increased their price target on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. One 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $64.29.

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.