First Industrial Realty Trust, Inc. $FR Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 52.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,574 shares of the real estate investment trust’s stock after buying an additional 24,500 shares during the period. Handelsbanken Fonder AB owned approximately 0.05% of First Industrial Realty Trust worth $3,684,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in First Industrial Realty Trust by 41.1% in the first quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock valued at $45,301,000 after acquiring an additional 244,562 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of First Industrial Realty Trust by 11.6% in the second quarter. Envestnet Asset Management Inc. now owns 293,830 shares of the real estate investment trust’s stock valued at $14,142,000 after purchasing an additional 30,583 shares during the period. Hantz Financial Services Inc. grew its holdings in First Industrial Realty Trust by 4,697.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 1,644 shares in the last quarter. Retirement Systems of Alabama grew its holdings in First Industrial Realty Trust by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 161,820 shares of the real estate investment trust’s stock valued at $7,788,000 after purchasing an additional 682 shares in the last quarter. Finally, Amalgamated Bank increased its stake in First Industrial Realty Trust by 0.4% during the 2nd quarter. Amalgamated Bank now owns 60,879 shares of the real estate investment trust’s stock worth $2,930,000 after buying an additional 257 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. iA Financial set a $67.00 price target on First Industrial Realty Trust in a research note on Monday, January 5th. Royal Bank Of Canada raised their price objective on First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Barclays restated a “positive” rating and set a $64.00 price objective on shares of First Industrial Realty Trust in a report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Monday, January 5th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, First Industrial Realty Trust has an average rating of “Moderate Buy” and an average target price of $63.29.

Insiders Place Their Bets

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of First Industrial Realty Trust stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total transaction of $39,691.60. Following the transaction, the executive directly owned 3,770 shares in the company, valued at approximately $220,054.90. The trade was a 15.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

First Industrial Realty Trust Stock Performance

FR stock opened at $62.63 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.12. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $64.01. The stock’s fifty day moving average is $59.27 and its two-hundred day moving average is $56.01. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 33.67 and a beta of 1.11.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The business had revenue of $188.41 million for 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%. First Industrial Realty Trust’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business posted $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be issued a $0.50 dividend. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 31st. 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.