Rush Island Management LP Sells 325,198 Shares of First Industrial Realty Trust, Inc. $FR

Rush Island Management LP decreased its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 15.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,754,344 shares of the real estate investment trust’s stock after selling 325,198 shares during the quarter. First Industrial Realty Trust makes up approximately 6.8% of Rush Island Management LP’s portfolio, making the stock its 8th largest holding. Rush Island Management LP’s holdings in First Industrial Realty Trust were worth $101,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FR. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Industrial Realty Trust by 856,065.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock worth $560,443,000 after buying an additional 9,784,830 shares during the period. Norges Bank acquired a new position in First Industrial Realty Trust in the 4th quarter valued at $320,075,000. Cohen & Steers Inc. bought a new position in First Industrial Realty Trust in the 4th quarter worth $118,365,000. AQR Capital Management LLC raised its holdings in First Industrial Realty Trust by 491.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust’s stock worth $89,291,000 after acquiring an additional 1,541,778 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in First Industrial Realty Trust by 436.2% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 856,308 shares of the real estate investment trust’s stock worth $44,074,000 after acquiring an additional 696,596 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Price Performance

NYSE:FR opened at $66.22 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.44. First Industrial Realty Trust, Inc. has a one year low of $47.38 and a one year high of $69.88. The company has a fifty day moving average price of $63.65 and a 200 day moving average price of $61.45. The stock has a market cap of $8.78 billion, a P/E ratio of 24.17 and a beta of 1.05.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly 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 return on equity of 12.99% and a net margin of 47.97%.The company had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The business’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. Analysts anticipate that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Tuesday, June 30th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 72.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FR shares. Cantor Fitzgerald restated a “neutral” rating and set a $71.00 price target on shares of First Industrial Realty Trust in a report on Monday. Raymond James Financial reiterated a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Wells Fargo & Company decreased their target price on First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Finally, Citigroup raised their target price on First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.79.

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.