Ieq Capital LLC Takes Position in First Industrial Realty Trust, Inc. $FR

Ieq Capital LLC purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 53,408 shares of the real estate investment trust’s stock, valued at approximately $3,274,000.

Other large investors have also bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in First Industrial Realty Trust during the 3rd quarter worth $26,000. Parallel Advisors LLC lifted its stake in shares of First Industrial Realty Trust by 86.9% in the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 291 shares during the period. Trust Co. of Vermont bought a new position in shares of First Industrial Realty Trust in the 2nd quarter worth $39,000. Caitong International Asset Management Co. Ltd boosted its position in shares of First Industrial Realty Trust by 64.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 301 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in shares of First Industrial Realty Trust during the third quarter worth $51,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Price Performance

Shares of NYSE FR opened at $63.48 on Tuesday. The company has a fifty day moving average price of $64.23 and a 200 day moving average price of $62.16. The firm has a market cap of $8.42 billion, a PE ratio of 23.17 and a beta of 1.04. 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, Inc. has a 1-year low of $50.24 and a 1-year high of $69.88.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.22). The firm had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Research analysts predict that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th will be paid 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 dividend payout ratio (DPR) is currently 72.99%.

Wall Street Analysts Forecast Growth

FR has been the subject of a number of recent analyst reports. Barclays upped their price objective on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Robert W. Baird boosted their target price on First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Scotiabank upped their price target on First Industrial Realty Trust from $63.00 to $66.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Industrial Realty Trust in a research report on Friday, July 24th. Finally, KeyCorp reissued a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.07.

About First Industrial Realty Trust

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.