First Industrial Realty Trust, Inc. $FR Stock Position Raised by Kennedy Capital Management LLC

Kennedy Capital Management LLC lifted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 167.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 301,067 shares of the real estate investment trust’s stock after purchasing an additional 188,679 shares during the period. Kennedy Capital Management LLC’s holdings in First Industrial Realty Trust were worth $15,496,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FR. Mather Group LLC. acquired a new position in shares of First Industrial Realty Trust in the third quarter worth about $39,000. Elevation Point Wealth Partners LLC acquired a new stake in First Industrial Realty Trust during the 2nd quarter valued at $40,000. SJS Investment Consulting Inc. purchased a new stake in shares of First Industrial Realty Trust in the third quarter valued at $47,000. True Wealth Design LLC lifted its holdings in shares of First Industrial Realty Trust by 32.2% in the third quarter. True Wealth Design LLC now owns 1,655 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 403 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of First Industrial Realty Trust by 21.6% in the third quarter. Hantz Financial Services Inc. now owns 2,041 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 362 shares during the period. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FR. Robert W. Baird set a $65.00 price target on First Industrial Realty Trust in a research report on Tuesday, February 17th. Royal Bank Of Canada raised their price target on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Barclays reiterated a “positive” rating and issued a $64.00 price objective 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 report on Friday, February 13th. Finally, Truist Financial upped their price target on shares of First Industrial Realty Trust from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.29.

Insiders Place Their Bets

In other news, CIO Johannson L. Yap sold 680 shares of First Industrial Realty Trust stock in a transaction that occurred 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 transaction, the executive owned 3,770 shares of the company’s stock, valued at $220,054.90. This trade represents a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.06% of the company’s stock.

First Industrial Realty Trust Stock Up 0.8%

FR traded up $0.51 during midday trading on Friday, hitting $60.69. 56,218 shares of the company’s stock traded hands, compared to its average volume of 1,083,248. The company has a market cap of $8.04 billion, a PE ratio of 32.56 and a beta of 1.11. The stock’s fifty day simple moving average is $59.68 and its 200-day simple moving average is $56.45. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $64.01.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The business had revenue of $188.41 million during the quarter, compared to the consensus estimate of $186.20 million. During the same period in the prior year, the firm earned $0.71 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, equities analysts anticipate 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s dividend payout ratio (DPR) is 95.70%.

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.