First National Bank of Omaha Makes New $2.74 Million Investment in First Industrial Realty Trust, Inc. $FR

First National Bank of Omaha purchased a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) during the second quarter, Holdings Channel reports. The fund purchased 44,652 shares of the real estate investment trust’s stock, valued at approximately $2,738,000.

Several other large investors have also recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC purchased a new position in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $26,000. Parallel Advisors LLC raised its position in First Industrial Realty Trust by 86.9% in the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 291 shares during the period. Trust Co. of Vermont acquired a new position in First Industrial Realty Trust during the second quarter worth $39,000. Caitong International Asset Management Co. Ltd lifted its stake in First Industrial Realty Trust by 64.0% during the fourth 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 in the last quarter. Finally, Danske Bank A S acquired a new position in First Industrial Realty Trust during the third quarter worth $51,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Down 0.7%

Shares of NYSE FR opened at $62.47 on Wednesday. The business has a 50-day moving average of $64.23 and a two-hundred day moving average of $62.02. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 22.80 and a beta of 1.04. First Industrial Realty Trust, Inc. has a 1 year low of $48.74 and a 1 year high of $69.88. 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 (NYSE:FR) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $194.94 million during the quarter, compared to analysts’ expectations of $195.81 million. During the same quarter in the previous year, the company posted $0.76 EPS. The company’s 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, analysts forecast that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio is currently 72.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FR shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $71.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, July 27th. 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. Truist Financial boosted 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 research note on Monday, July 27th. Finally, Royal Bank Of Canada increased their price target on shares of First Industrial Realty Trust from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, First Industrial Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target 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.