Vanguard Group Inc. Sells 52,179 Shares of First Industrial Realty Trust, Inc. $FR

Vanguard Group Inc. cut its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 19,407,599 shares of the real estate investment trust’s stock after selling 52,179 shares during the period. Vanguard Group Inc. owned 0.15% of First Industrial Realty Trust worth $1,111,473,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of First Industrial Realty Trust by 8.0% in the third quarter. Invesco Ltd. now owns 4,343,723 shares of the real estate investment trust’s stock valued at $223,571,000 after purchasing an additional 323,248 shares in the last quarter. Citadel Advisors LLC increased its position in shares of First Industrial Realty Trust by 70.8% in the third quarter. Citadel Advisors LLC now owns 2,498,172 shares of the real estate investment trust’s stock valued at $128,581,000 after acquiring an additional 1,035,385 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in shares of First Industrial Realty Trust by 4.1% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,438,012 shares of the real estate investment trust’s stock valued at $125,484,000 after acquiring an additional 95,177 shares during the last quarter. PGGM Investments increased its position in shares of First Industrial Realty Trust by 46.0% in the third quarter. PGGM Investments now owns 2,337,100 shares of the real estate investment trust’s stock valued at $120,291,000 after acquiring an additional 736,477 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in First Industrial Realty Trust by 3.0% during the third quarter. Thrivent Financial for Lutherans now owns 2,134,890 shares of the real estate investment trust’s stock worth $109,883,000 after buying an additional 63,112 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Trading Up 0.1%

Shares of FR stock opened at $62.09 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.90. The stock has a market cap of $8.23 billion, a P/E ratio of 24.06 and a beta of 1.07. The stock has a 50 day simple moving average of $60.74 and a 200 day simple moving average of $58.52. First Industrial Realty Trust, Inc. has a 1 year low of $47.36 and a 1 year high of $64.66.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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 45.98% and a return on equity of 12.36%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm 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 3.15 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Tuesday, June 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. First Industrial Realty Trust’s payout ratio is 77.52%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. iA Financial set a $67.00 price target on First Industrial Realty Trust in a research report on Monday, January 5th. Royal Bank Of Canada upped their target price on First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Truist Financial upped their target price on First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Weiss Ratings raised First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Monday, January 5th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.57.

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.