OneDigital Investment Advisors LLC Acquires New Holdings in First Industrial Realty Trust, Inc. $FR

OneDigital Investment Advisors LLC bought a new position in First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,890 shares of the real estate investment trust’s stock, valued at approximately $913,000.

A number of other large investors have also recently added to or reduced their stakes in FR. Public Employees Retirement System of Ohio boosted its holdings in shares of First Industrial Realty Trust by 26.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 290,663 shares of the real estate investment trust’s stock worth $16,815,000 after buying an additional 60,459 shares during the period. M&T Bank Corp acquired a new position in First Industrial Realty Trust in the 4th quarter valued at $1,134,000. Bank of America Corp DE raised its holdings in First Industrial Realty Trust by 15.9% in the 1st quarter. Bank of America Corp DE now owns 778,077 shares of the real estate investment trust’s stock worth $45,012,000 after acquiring an additional 106,928 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in First Industrial Realty Trust by 7.5% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 209,488 shares of the real estate investment trust’s stock worth $11,997,000 after acquiring an additional 14,693 shares during the period. Finally, Convergence Investment Partners LLC acquired a new position in First Industrial Realty Trust during the 1st quarter worth $1,367,000. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 0.1%

Shares of FR opened at $62.83 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44. The company has a 50-day simple moving average of $64.24 and a 200-day simple moving average of $61.98. First Industrial Realty Trust, Inc. has a 52 week low of $48.42 and a 52 week high of $69.88. The firm has a market capitalization of $8.33 billion, a P/E ratio of 22.93 and a beta of 1.04.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.22). First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The firm had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. During the same period last year, the business earned $0.76 earnings per share. The firm’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. On average, equities research analysts expect that First Industrial Realty Trust, Inc. will post 3.16 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. Stockholders of record on Wednesday, September 30th will be issued 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 presently 72.99%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FR. KeyCorp restated a “sector weight” rating on shares of First Industrial Realty Trust in a report on Wednesday, June 10th. Wells Fargo & Company cut their price objective on First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Truist Financial increased their target price on First Industrial Realty Trust from $67.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Citigroup increased their target price on First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada raised their target price on First Industrial Realty Trust from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. One investment 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, First Industrial Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $67.07.

First Industrial Realty Trust 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.