Horizon Investments LLC Invests $3.91 Million in First Industrial Realty Trust, Inc. $FR

Horizon Investments LLC bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 68,279 shares of the real estate investment trust’s stock, valued at approximately $3,910,000.

Several other hedge funds have also modified their holdings of the stock. Measured Wealth Private Client Group LLC purchased a new position in First Industrial Realty Trust in the 3rd quarter worth approximately $26,000. Mather Group LLC. acquired a new stake in First Industrial Realty Trust in the third quarter valued at approximately $39,000. SJS Investment Consulting Inc. purchased a new stake in shares of First Industrial Realty Trust during the third quarter valued at approximately $47,000. Danske Bank A S purchased a new stake in shares of First Industrial Realty Trust during the third quarter valued at approximately $51,000. Finally, Fulcrum Asset Management LLP acquired a new position in shares of First Industrial Realty Trust during the third quarter worth $79,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Price Performance

Shares of FR stock opened at $62.09 on Monday. The firm has a fifty day moving average of $60.74 and a two-hundred day moving average of $58.62. The firm has a market cap of $8.23 billion, a P/E ratio of 24.06 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 1-year low of $47.36 and a 1-year high of $64.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.04 and a quick ratio of 1.04.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). The company had revenue of $188.41 million during the quarter, compared to analyst estimates of $186.20 million. First Industrial Realty Trust had a net margin of 45.98% and a return on equity of 12.36%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, research analysts anticipate that First Industrial Realty Trust, Inc. will post 3.15 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 77.52%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Monday, January 5th. Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. iA Financial set a $67.00 target price on First Industrial Realty Trust in a research note on Monday, January 5th. Robert W. Baird lifted their target price on First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Finally, Truist Financial boosted their price target on First Industrial Realty Trust from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.57.

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.