Csenge Advisory Group Takes $2.12 Million Position in First Industrial Realty Trust, Inc. $FR

Csenge Advisory Group purchased a new position in First Industrial Realty Trust, Inc. (NYSE:FR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 34,571 shares of the real estate investment trust’s stock, valued at approximately $2,120,000.

Several other large investors have also recently made changes to their positions in FR. Goldman Sachs Group Inc. boosted its stake in 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. First Trust Advisors LP raised its position in shares of First Industrial Realty Trust by 141.1% in the second quarter. First Trust Advisors LP now owns 86,866 shares of the real estate investment trust’s stock valued at $4,181,000 after buying an additional 50,839 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of First Industrial Realty Trust by 4.4% in the second quarter. Baird Financial Group Inc. now owns 55,781 shares of the real estate investment trust’s stock valued at $2,685,000 after buying an additional 2,356 shares during the last quarter. Cresset Asset Management LLC purchased a new position in shares of First Industrial Realty Trust in the second quarter worth about $275,000. Finally, Cerity Partners LLC lifted its stake in shares of First Industrial Realty Trust by 463.4% in the second quarter. Cerity Partners LLC now owns 63,013 shares of the real estate investment trust’s stock worth $3,033,000 after buying an additional 51,828 shares in the last quarter. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FR. Robert W. Baird upped their price objective on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Barclays raised their target price on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Wells Fargo & Company lowered their target price on First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Royal Bank Of Canada upped their price target on First Industrial Realty Trust from $68.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $67.07.

First Industrial Realty Trust Trading Up 0.7%

Shares of FR opened at $62.82 on Thursday. First Industrial Realty Trust, Inc. has a 12-month low of $49.38 and a 12-month high of $69.88. The firm has a market capitalization of $8.33 billion, a P/E ratio of 22.93 and a beta of 1.04. The firm has a 50-day moving average price of $64.24 and a 200 day moving average price of $62.05. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.22). The firm had revenue of $194.94 million for the quarter, compared to analysts’ expectations of $195.81 million. First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.First Industrial Realty Trust’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th. First Industrial Realty Trust’s payout ratio is presently 72.99%.

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.