9,566 Shares in First Industrial Realty Trust, Inc. $FR Purchased by Groupe la Francaise

Groupe la Francaise bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 9,566 shares of the real estate investment trust’s stock, valued at approximately $586,000.

Several other hedge funds have also made changes to their positions in FR. Measured Wealth Private Client Group LLC acquired a new position in shares of First Industrial Realty Trust in the third quarter valued at approximately $26,000. Parallel Advisors LLC boosted its position in 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 valued at $36,000 after buying an additional 291 shares during the period. Trust Co. of Vermont purchased a new position in First Industrial Realty Trust in the 2nd quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd grew its stake 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 worth $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 worth $51,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FR shares. Barclays lifted their target price on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Royal Bank Of Canada lifted their price objective 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. Robert W. Baird upped their target price on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Scotiabank lifted their price target on shares of First Industrial Realty Trust from $63.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 12th. Finally, Wells Fargo & Company boosted their price target on shares of First Industrial Realty Trust from $61.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.43.

First Industrial Realty Trust Stock Down 0.1%

FR stock opened at $61.77 on Wednesday. The stock has a market cap of $8.19 billion, a P/E ratio of 22.54 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89. First Industrial Realty Trust, Inc. has a twelve month low of $50.24 and a twelve month high of $69.88. The company’s 50 day moving average is $64.13 and its two-hundred day moving average is $62.37.

First Industrial Realty Trust (NYSE:FR) last issued 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). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The company had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. During the same quarter in the previous year, the company posted $0.76 EPS. The company’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. Research analysts expect that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

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

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.