Lighthouse Investment Partners LLC Raises Stake in First Industrial Realty Trust, Inc. $FR

Lighthouse Investment Partners LLC grew its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 11.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 429,200 shares of the real estate investment trust’s stock after buying an additional 44,200 shares during the period. First Industrial Realty Trust accounts for approximately 0.7% of Lighthouse Investment Partners LLC’s portfolio, making the stock its 13th largest position. Lighthouse Investment Partners LLC owned about 0.32% of First Industrial Realty Trust worth $22,091,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FR. Mather Group LLC. purchased a new position in shares of First Industrial Realty Trust during the third quarter worth about $39,000. Elevation Point Wealth Partners LLC purchased a new stake in First Industrial Realty Trust during the 2nd quarter valued at approximately $40,000. SJS Investment Consulting Inc. acquired a new stake in First Industrial Realty Trust during the 3rd quarter worth approximately $47,000. True Wealth Design LLC grew its stake in shares of First Industrial Realty Trust by 32.2% in the 3rd 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 during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of First Industrial Realty Trust by 21.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,041 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 362 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on FR. UBS Group set a $62.00 price target on First Industrial Realty Trust in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Monday, January 5th. Cantor Fitzgerald boosted their price objective on shares of First Industrial Realty Trust from $58.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Citigroup upped their price objective on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Finally, 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. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.29.

Insider Buying and Selling

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the sale, the executive directly owned 3,770 shares in the company, valued at approximately $220,054.90. The trade was a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.94% of the company’s stock.

First Industrial Realty Trust Trading Down 0.1%

Shares of FR opened at $60.13 on Monday. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $64.01. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $7.97 billion, a P/E ratio of 32.33 and a beta of 1.11. The firm’s 50-day moving average is $59.73 and its two-hundred day moving average is $56.58.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly 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 for 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%. First Industrial Realty Trust’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be issued 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 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 31st. First Industrial Realty Trust’s payout ratio is presently 95.70%.

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.