Paralel Advisors LLC Buys New Position in First Industrial Realty Trust, Inc. $FR

Paralel Advisors LLC purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 37,000 shares of the real estate investment trust’s stock, valued at approximately $2,268,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FR. Measured Wealth Private Client Group LLC bought a new position in First Industrial Realty Trust during the 3rd quarter valued at $26,000. Parallel Advisors LLC grew its stake in shares of 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 worth $36,000 after acquiring an additional 291 shares in the last quarter. Trust Co. of Vermont bought a new stake in shares of First Industrial Realty Trust in the 2nd quarter worth $39,000. Caitong International Asset Management Co. Ltd raised its holdings 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 valued at $44,000 after purchasing an additional 301 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in shares of First Industrial Realty Trust in the third quarter valued at about $51,000. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $62.70 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $8.31 billion, a PE ratio of 22.88 and a beta of 1.04. First Industrial Realty Trust, Inc. has a twelve month low of $49.38 and a twelve month high of $69.88. The company has a 50-day moving average price of $64.24 and a two-hundred day moving average price of $62.08.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly 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 business had revenue of $194.94 million during 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%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Equities analysts forecast that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current year.

First Industrial Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FR. Barclays boosted their price target on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Cantor Fitzgerald reissued a “neutral” rating and set a $71.00 target price on shares of First Industrial Realty Trust in a research report on Monday, July 27th. Truist Financial boosted their target price on First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. KeyCorp reaffirmed a “sector weight” rating on shares of First Industrial Realty Trust in a report on Wednesday, June 10th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. One equities 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.07.

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.