Hsbc Holdings PLC Buys New Position in First Industrial Realty Trust, Inc. $FR

Hsbc Holdings PLC purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the second quarter, HoldingsChannel reports. The fund purchased 274,805 shares of the real estate investment trust’s stock, valued at approximately $16,861,000.

Several other hedge funds also recently made changes to their positions in FR. Measured Wealth Private Client Group LLC bought a new stake in shares of First Industrial Realty Trust in the third quarter worth $26,000. Parallel Advisors LLC boosted its holdings in First Industrial Realty Trust by 86.9% during the fourth 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 during the last quarter. Trust Co. of Vermont bought a new position in First Industrial Realty Trust in the second quarter valued at $39,000. Caitong International Asset Management Co. Ltd grew its position in First Industrial Realty Trust by 64.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 301 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in First Industrial Realty Trust in the 3rd quarter valued at $51,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Down 0.7%

First Industrial Realty Trust stock opened at $62.43 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.44. The company’s 50-day moving average is $64.30 and its 200-day moving average is $62.23. The firm has a market capitalization of $8.28 billion, a PE ratio of 22.78 and a beta of 1.04. First Industrial Realty Trust, Inc. has a fifty-two week low of $50.24 and a fifty-two week high of $69.88.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.22). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The firm had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of First Industrial Realty Trust in a research report on Friday, July 24th. KeyCorp restated a “sector weight” rating on shares of First Industrial Realty Trust in a report on Wednesday, June 10th. Robert W. Baird lifted their target price on First Industrial Realty Trust from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Wells Fargo & Company dropped their target price on 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. Finally, Scotiabank increased their price target on First Industrial Realty Trust from $63.00 to $66.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.