Capital Square LLC Buys Shares of 10,166 First Industrial Realty Trust, Inc. $FR

Capital Square LLC purchased a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 10,166 shares of the real estate investment trust’s stock, valued at approximately $661,000.

Several other hedge funds also recently bought and sold shares of FR. Goldman Sachs Group Inc. increased its holdings in First Industrial Realty Trust by 41.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock worth $45,301,000 after acquiring an additional 244,562 shares during the period. First Trust Advisors LP lifted its stake in First Industrial Realty Trust by 141.1% in the 2nd quarter. First Trust Advisors LP now owns 86,866 shares of the real estate investment trust’s stock worth $4,181,000 after purchasing an additional 50,839 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in First Industrial Realty Trust by 4.4% in the 2nd quarter. Baird Financial Group Inc. now owns 55,781 shares of the real estate investment trust’s stock valued at $2,685,000 after purchasing an additional 2,356 shares during the period. Cresset Asset Management LLC bought a new position in First Industrial Realty Trust in the 2nd quarter valued at $275,000. Finally, Cerity Partners LLC grew its position in shares of First Industrial Realty Trust by 463.4% during the 2nd quarter. Cerity Partners LLC now owns 63,013 shares of the real estate investment trust’s stock valued at $3,033,000 after purchasing an additional 51,828 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Up 0.0%

FR stock opened at $62.94 on Monday. The company has a market capitalization of $8.34 billion, a PE ratio of 22.97 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44. First Industrial Realty Trust, Inc. has a one year low of $49.58 and a one year high of $69.88. The company’s 50 day moving average price is $64.23 and its two-hundred day moving average price is $62.12.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (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 period last year, the company posted $0.76 EPS. First Industrial Realty Trust’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. As a group, analysts predict that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.50 per share. 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 72.99%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FR shares. Citigroup upped their price target on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Truist Financial lifted their price objective on First Industrial Realty Trust from $67.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Wells Fargo & Company reduced 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 report on Monday, June 1st. Robert W. Baird upped 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, Royal Bank Of Canada raised their price target on First Industrial Realty Trust from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.07.

About First Industrial Realty Trust

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.