Squarepoint Ops LLC Buys 59,168 Shares of First Industrial Realty Trust, Inc. $FR

Squarepoint Ops LLC grew its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 161.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,916 shares of the real estate investment trust’s stock after purchasing an additional 59,168 shares during the period. Squarepoint Ops LLC owned about 0.07% of First Industrial Realty Trust worth $5,881,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of FR. Measured Wealth Private Client Group LLC acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $26,000. Parallel Advisors LLC raised its position in shares of First Industrial Realty Trust by 86.9% during the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 291 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of First Industrial Realty Trust during the 2nd quarter valued at $39,000. Caitong International Asset Management Co. Ltd lifted its stake 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 valued at $44,000 after purchasing an additional 301 shares during the period. Finally, Danske Bank A S acquired a new position in shares of First Industrial Realty Trust in the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $61.38 on Friday. The stock has a 50 day simple moving average of $64.07 and a 200 day simple moving average of $62.36. The stock has a market cap of $8.14 billion, a P/E ratio of 22.40 and a beta of 1.03. First Industrial Realty Trust, Inc. has a 1-year low of $50.24 and a 1-year high of $69.88. 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 quarterly earnings data 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). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The firm had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. During the same period in the prior year, the company earned $0.76 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Research analysts anticipate that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Investors of record on Wednesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. First Industrial Realty Trust’s dividend payout ratio is currently 72.99%.

Analyst Upgrades and Downgrades

Several brokerages have commented on FR. Scotiabank upped their target price on shares of 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. KeyCorp reissued a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Royal Bank Of Canada boosted their target price on First Industrial Realty Trust from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Barclays lifted 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. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $71.00 price objective on shares of First Industrial Realty Trust in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.43.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc is a real estate investment trust that owns, operates, acquires, develops, redevelops and manages industrial properties across the United States. Its portfolio is primarily composed of warehouse, distribution and light industrial facilities used by manufacturers, distributors, logistics providers and other businesses.

The company serves customers in major industrial and logistics markets, with properties located in regions including the Midwest, Northeast, Southeast, Southwest and West Coast.