Presima Securities ULC Decreases Holdings in First Industrial Realty Trust, Inc. $FR

Presima Securities ULC lowered its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 15.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 444,391 shares of the real estate investment trust’s stock after selling 82,298 shares during the quarter. First Industrial Realty Trust makes up about 6.3% of Presima Securities ULC’s investment portfolio, making the stock its 5th largest position. Presima Securities ULC’s holdings in First Industrial Realty Trust were worth $22,873,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Mather Group LLC. acquired a new stake in First Industrial Realty Trust in the third quarter worth about $39,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth approximately $40,000. SJS Investment Consulting Inc. bought a new stake in shares of First Industrial Realty Trust during the third quarter worth approximately $47,000. True Wealth Design LLC boosted its position in shares of First Industrial Realty Trust by 988.7% in the 2nd quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,137 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of First Industrial Realty Trust by 4,697.1% during the second quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 1,644 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

Insider Activity at First Industrial Realty Trust

In related news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the transaction, the executive directly owned 3,770 shares in the company, valued at approximately $220,054.90. This trade represents a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FR shares. JPMorgan Chase & Co. increased their target price on First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Scotiabank upped their price target on First Industrial Realty Trust from $57.00 to $62.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. iA Financial set a $67.00 price objective on shares of First Industrial Realty Trust in a research note 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 report on Friday, February 6th. Finally, Robert W. Baird set a $65.00 target price on shares of First Industrial Realty Trust in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.21.

First Industrial Realty Trust Trading Up 0.7%

NYSE:FR opened at $60.45 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50-day simple moving average is $58.51 and its 200-day simple moving average is $55.07. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $60.79. The stock has a market capitalization of $8.01 billion, a PE ratio of 32.50 and a beta of 1.14.

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 for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The company had revenue of $188.41 million during the quarter, compared to the consensus estimate of $186.20 million. First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Monday, April 20th. Shareholders 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. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. First Industrial Realty Trust’s dividend payout ratio is currently 95.70%.

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.