First Industrial Realty Trust, Inc. $FR Shares Purchased by Oak Thistle LLC

Oak Thistle LLC increased its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 67.8% in the 4th quarter, HoldingsChannel reports. The firm owned 44,013 shares of the real estate investment trust’s stock after buying an additional 17,779 shares during the quarter. Oak Thistle LLC’s holdings in First Industrial Realty Trust were worth $2,521,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Azzad Asset Management Inc. ADV raised its holdings in First Industrial Realty Trust by 3.1% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,395 shares of the real estate investment trust’s stock valued at $481,000 after acquiring an additional 253 shares during the last quarter. Bank of Stockton raised its holdings in First Industrial Realty Trust by 17.3% in the 4th quarter. Bank of Stockton now owns 21,568 shares of the real estate investment trust’s stock valued at $1,235,000 after acquiring an additional 3,186 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in First Industrial Realty Trust by 5.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 23,186 shares of the real estate investment trust’s stock valued at $1,328,000 after acquiring an additional 1,156 shares during the last quarter. Signaturefd LLC raised its holdings in First Industrial Realty Trust by 9.4% in the 4th quarter. Signaturefd LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 242 shares during the last quarter. Finally, Aberdeen Group plc raised its holdings in First Industrial Realty Trust by 5.6% in the 4th quarter. Aberdeen Group plc now owns 46,272 shares of the real estate investment trust’s stock valued at $2,650,000 after acquiring an additional 2,467 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Up 1.0%

Shares of NYSE FR opened at $59.04 on Wednesday. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $64.01. The company has a market cap of $7.83 billion, a P/E ratio of 31.74 and a beta of 1.11. 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 stock has a fifty day moving average price of $59.74 and a 200 day moving average price of $57.37.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.17). The company 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 firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Research 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 declared a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be given a dividend of $0.50 per share. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.4%. First Industrial Realty Trust’s dividend payout ratio is presently 107.53%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FR shares. Weiss Ratings upgraded First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Citigroup boosted their price objective on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Scotiabank boosted their price objective on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Barclays reissued a “positive” rating and set a $64.00 price objective on shares of First Industrial Realty Trust in a research note on Tuesday, January 13th. Finally, Robert W. Baird set a $65.00 price objective on shares of First Industrial Realty Trust in a research note on Tuesday, February 17th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, First Industrial Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $63.29.

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.