Sanctuary Advisors LLC Buys Shares of 11,949 First Industrial Realty Trust, Inc. $FR

Sanctuary Advisors LLC bought a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,949 shares of the real estate investment trust’s stock, valued at approximately $733,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of First Industrial Realty Trust in the 2nd quarter worth approximately $1,021,489,000. Northwestern Mutual Wealth Management Co. increased its position in 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 valued at $560,443,000 after buying an additional 9,784,830 shares in the last quarter. Norges Bank purchased a new position in First Industrial Realty Trust during the fourth quarter valued at $320,075,000. Cohen & Steers Inc. purchased a new position in First Industrial Realty Trust during the fourth quarter valued at $118,365,000. Finally, Rush Island Management LP bought a new stake in First Industrial Realty Trust in the second quarter worth $79,904,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Performance

FR stock opened at $61.93 on Friday. The stock’s 50 day simple moving average is $64.31 and its 200 day simple moving average is $62.23. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89. First Industrial Realty Trust, Inc. has a 12-month low of $50.24 and a 12-month high of $69.88. The stock has a market capitalization of $8.21 billion, a PE ratio of 22.60 and a beta of 1.04.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results 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 return on equity of 12.99% and a net margin of 47.97%.The business had revenue of $194.94 million during the quarter, compared to the consensus estimate of $195.81 million. During the same period in the previous year, the business posted $0.76 EPS. The firm’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, research analysts forecast that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Investors of record on Wednesday, September 30th will be issued 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 (DPR) is presently 72.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FR shares. Citigroup increased their target price on First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. KeyCorp reaffirmed a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Industrial Realty Trust in a research note on Friday, July 24th. Royal Bank Of Canada increased their price objective on shares of First Industrial Realty Trust from $68.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $71.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.07.

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.