113,573 Shares in First Industrial Realty Trust, Inc. $FR Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the second quarter, Holdings Channel reports. The fund bought 113,573 shares of the real estate investment trust’s stock, valued at approximately $6,963,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $26,000. Parallel Advisors LLC grew its position in First Industrial Realty Trust by 86.9% in the fourth 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 during the period. Caitong International Asset Management Co. Ltd increased its stake in First Industrial Realty Trust by 64.0% during 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 during the last quarter. Danske Bank A S purchased a new stake in First Industrial Realty Trust in the third quarter valued at $51,000. Finally, Persistent Asset Partners Ltd acquired a new position in shares of First Industrial Realty Trust in the 2nd quarter valued at $70,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $62.94 on Friday. First Industrial Realty Trust, Inc. has a 52 week low of $49.58 and a 52 week high of $69.88. The company has a fifty day simple moving average of $64.23 and a two-hundred day simple moving average of $62.09. 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 company has a market cap of $8.34 billion, a price-to-earnings ratio of 22.97 and a beta of 1.04.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $195.81 million. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business 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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 72.99%.

Analysts Set New Price Targets

FR has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Weiss Ratings restated a “buy (b)” rating on shares of First Industrial Realty Trust in a report on Friday, July 24th. Barclays increased their price objective on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Finally, Citigroup boosted their target price on First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $67.07.

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.