NewSquare Capital LLC Boosts Stock Position in First Industrial Realty Trust, Inc. $FR

NewSquare Capital LLC raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 50,026.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,567 shares of the real estate investment trust’s stock after purchasing an additional 26,514 shares during the quarter. NewSquare Capital LLC’s holdings in First Industrial Realty Trust were worth $1,367,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of First Industrial Realty Trust during the second quarter worth approximately $272,085,000. Rush Island Management LP acquired a new position in First Industrial Realty Trust in the 2nd quarter valued at $79,904,000. AQR Capital Management LLC raised its position in First Industrial Realty Trust by 491.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust’s stock worth $89,291,000 after buying an additional 1,541,778 shares during the last quarter. Engineers Gate Manager LP lifted its stake in shares of First Industrial Realty Trust by 1,339.7% in the 2nd quarter. Engineers Gate Manager LP now owns 1,081,925 shares of the real estate investment trust’s stock worth $52,073,000 after acquiring an additional 1,006,778 shares during the period. Finally, PGGM Investments boosted its holdings in shares of First Industrial Realty Trust by 46.0% in the third quarter. PGGM Investments now owns 2,337,100 shares of the real estate investment trust’s stock valued at $120,291,000 after acquiring an additional 736,477 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock opened at $61.34 on Friday. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 32.98 and a beta of 1.11. The stock has a fifty day moving average of $59.41 and a two-hundred day moving average of $56.09. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $64.01. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.12.

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

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.50 per share. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, March 31st. First Industrial Realty Trust’s payout ratio is presently 95.70%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Scotiabank boosted their price target on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Monday. UBS Group set a $62.00 price objective on First Industrial Realty Trust in a report on Thursday, December 4th. Robert W. Baird set a $65.00 target price on First Industrial Realty Trust in a research report on Tuesday, February 17th. iA Financial set a $67.00 price target on First Industrial Realty Trust in a report on Monday, January 5th. Finally, Royal Bank Of Canada lifted their price target 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. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $63.29.

Insider Buying and Selling

In other news, CIO Johannson L. Yap sold 680 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total value of $39,691.60. Following the completion of the transaction, the executive directly owned 3,770 shares in the company, valued at approximately $220,054.90. This represents a 15.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

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.