Strs Ohio Increases Stock Holdings in First Industrial Realty Trust, Inc. $FR

Strs Ohio increased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 10.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 267,567 shares of the real estate investment trust’s stock after acquiring an additional 25,806 shares during the period. Strs Ohio’s holdings in First Industrial Realty Trust were worth $15,324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in First Industrial Realty Trust in the third quarter worth $26,000. Mather Group LLC. purchased a new position in First Industrial Realty Trust during the third quarter valued at $39,000. SJS Investment Consulting Inc. purchased a new position in First Industrial Realty Trust during the third quarter valued at $47,000. Danske Bank A S purchased a new position in First Industrial Realty Trust during the third quarter valued at $51,000. Finally, Fulcrum Asset Management LLP purchased a new position in First Industrial Realty Trust during the third quarter valued at $79,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

NYSE FR opened at $62.09 on Monday. First Industrial Realty Trust, Inc. has a one year low of $47.36 and a one year high of $64.66. The stock has a 50-day moving average of $60.74 and a 200 day moving average of $58.62. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 24.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.04.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). First Industrial Realty Trust had a return on equity of 12.36% and a net margin of 45.98%.The business had revenue of $188.41 million during the quarter, compared to the consensus estimate of $186.20 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. First Industrial Realty Trust’s quarterly revenue was up 7.3% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 3.15 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th will be given 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 Tuesday, June 30th. First Industrial Realty Trust’s payout ratio is presently 77.52%.

Analysts Set New Price Targets

Several brokerages have commented on FR. Truist Financial raised their price objective on First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Scotiabank raised their price target on First Industrial Realty Trust from $62.00 to $63.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Robert W. Baird raised their price target on First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Royal Bank Of Canada raised their price target on First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Monday, January 5th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.