Great Lakes Advisors LLC Purchases Shares of 78,167 First Industrial Realty Trust, Inc. $FR

Great Lakes Advisors LLC purchased a new position in First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 78,167 shares of the real estate investment trust’s stock, valued at approximately $4,792,000.

A number of other large investors have also modified their holdings of the business. Measured Wealth Private Client Group LLC acquired a new position in shares of First Industrial Realty Trust during the third quarter valued at about $26,000. Parallel Advisors LLC boosted its stake in First Industrial Realty Trust by 86.9% in the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 291 shares in the last quarter. Trust Co. of Vermont acquired a new stake in First Industrial Realty Trust in the 2nd quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd grew its position in First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 301 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in First Industrial Realty Trust during the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $62.82 on Thursday. First Industrial Realty Trust, Inc. has a twelve month low of $49.38 and a twelve month 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. The company has a market cap of $8.33 billion, a PE ratio of 22.93 and a beta of 1.04. The company’s 50 day moving average is $64.24 and its 200 day moving average is $62.05.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.22). The business had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced 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 is Wednesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. First Industrial Realty Trust’s payout ratio is currently 72.99%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FR shares. Truist Financial raised their price target on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Wells Fargo & Company dropped their price objective on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Citigroup upped their target price on First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Robert W. Baird raised their target price on First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.07.

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.