GSI Capital Advisors LLC Sells 11,772 Shares of First Industrial Realty Trust, Inc. $FR

GSI Capital Advisors LLC lowered its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 7.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,909 shares of the real estate investment trust’s stock after selling 11,772 shares during the quarter. First Industrial Realty Trust comprises about 4.1% of GSI Capital Advisors LLC’s portfolio, making the stock its 9th biggest holding. GSI Capital Advisors LLC owned about 0.11% of First Industrial Realty Trust worth $7,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of First Industrial Realty Trust by 41.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock worth $45,301,000 after purchasing an additional 244,562 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in shares of First Industrial Realty Trust in the 2nd quarter valued at about $389,000. Envestnet Asset Management Inc. raised its position in shares of First Industrial Realty Trust by 11.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 293,830 shares of the real estate investment trust’s stock worth $14,142,000 after acquiring an additional 30,583 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in First Industrial Realty Trust by 4,697.1% during the second quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in First Industrial Realty Trust by 0.4% in the second quarter. Retirement Systems of Alabama now owns 161,820 shares of the real estate investment trust’s stock valued at $7,788,000 after purchasing an additional 682 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Insider Activity

In other news, CIO Johannson L. Yap sold 680 shares of First Industrial Realty Trust stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the sale, the executive directly owned 3,770 shares in the company, valued at $220,054.90. The trade was a 15.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.06% of the stock is owned by corporate insiders.

First Industrial Realty Trust Stock Down 0.5%

FR stock opened at $63.14 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. The company’s 50 day simple moving average is $59.05 and its 200-day simple moving average is $55.71. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $64.01. The firm has a market capitalization of $8.37 billion, a PE ratio of 33.95 and a beta of 1.14.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The company had revenue of $188.41 million during the quarter, compared to analysts’ expectations of $186.20 million. First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. First Industrial Realty Trust’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Equities analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be issued a $0.50 dividend. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. First Industrial Realty Trust’s payout ratio is currently 95.70%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays restated a “positive” rating and set a $64.00 price target on shares of First Industrial Realty Trust in a research note on Tuesday, January 13th. Weiss Ratings upgraded shares of First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Royal Bank Of Canada upped their price objective on First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Truist Financial lifted their target price on First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, iA Financial set a $67.00 price target on First Industrial Realty Trust in a report on Monday, January 5th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.21.

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.