GSA Capital Partners LLP Invests $1.40 Million in First Industrial Realty Trust, Inc. $FR

GSA Capital Partners LLP bought a new position in First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 22,747 shares of the real estate investment trust’s stock, valued at approximately $1,395,000.

A number of other large investors have also added to or reduced their stakes in FR. Measured Wealth Private Client Group LLC purchased a new position in shares of First Industrial Realty Trust in the 3rd quarter worth about $26,000. Parallel Advisors LLC increased its position in shares of First Industrial Realty Trust by 86.9% during the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 291 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 301 shares in the last quarter. Danske Bank A S purchased a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at about $51,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of First Industrial Realty Trust by 27.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $62.88 on Monday. The firm has a market cap of $8.34 billion, a PE ratio of 22.95 and a beta of 1.04. First Industrial Realty Trust, Inc. has a fifty-two week low of $48.38 and a fifty-two week high of $69.88. 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 business has a 50 day moving average price of $64.20 and a 200-day moving average price of $61.94.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.22). First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The firm had revenue of $194.94 million during the quarter, compared to analysts’ expectations of $195.81 million. During the same period in the previous year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue 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. Equities research analysts predict that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped their target price on First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Wells Fargo & Company cut 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 research note on Monday, June 1st. Royal Bank Of Canada increased their target price on shares of First Industrial Realty Trust from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of First Industrial Realty Trust in a research note on Friday, July 24th. Finally, Scotiabank upped their price target on shares of First Industrial Realty Trust from $63.00 to $66.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.07.

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.