Syon Capital LLC Grows Stock Position in First Industrial Realty Trust, Inc. $FR

Syon Capital LLC lifted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 155.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,173 shares of the real estate investment trust’s stock after buying an additional 9,849 shares during the quarter. Syon Capital LLC’s holdings in First Industrial Realty Trust were worth $832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FR. Jump Financial LLC acquired a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth approximately $4,795,000. Bank of Stockton purchased a new stake in First Industrial Realty Trust during the third quarter worth $946,000. Inscription Capital LLC boosted its holdings in First Industrial Realty Trust by 391.4% during the third quarter. Inscription Capital LLC now owns 22,641 shares of the real estate investment trust’s stock worth $1,165,000 after buying an additional 18,034 shares in the last quarter. Thrivent Financial for Lutherans grew 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 valued at $109,883,000 after buying an additional 63,112 shares during the period. Finally, SG Americas Securities LLC increased its holdings in First Industrial Realty Trust by 1,112.1% in the third quarter. SG Americas Securities LLC now owns 82,979 shares of the real estate investment trust’s stock valued at $4,271,000 after buying an additional 76,133 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FR shares. Wells Fargo & Company increased their target price on shares of First Industrial Realty Trust from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Weiss Ratings upgraded First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Mizuho raised their price objective on First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Royal Bank Of Canada upped their target price on First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Finally, Cantor Fitzgerald increased their target price on First Industrial Realty Trust from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, First Industrial Realty Trust has an average rating of “Moderate Buy” and an average price target of $63.21.

First Industrial Realty Trust Stock Performance

Shares of NYSE:FR opened at $60.60 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $60.87. The firm has a market capitalization of $8.03 billion, a PE ratio of 32.58 and a beta of 1.14. The business’s 50 day moving average price is $58.54 and its 200-day moving average price is $55.11.

First Industrial Realty Trust (NYSE:FR) last announced its 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 business had revenue of $188.41 million for the quarter, compared to analyst estimates of $186.20 million. First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, equities research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently disclosed 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 represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s payout ratio is currently 95.70%.

Insiders Place Their Bets

In other news, CIO Johannson L. Yap sold 680 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was 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 $220,054.90. The trade was a 15.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.06% of the stock is owned by company insiders.

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.