VIRGINIA RETIREMENT SYSTEMS ET Al Invests $4.27 Million in First Industrial Realty Trust, Inc. $FR

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in First Industrial Realty Trust, Inc. (NYSE:FR) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 69,677 shares of the real estate investment trust’s stock, valued at approximately $4,272,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in First Industrial Realty Trust during the third quarter valued at approximately $26,000. Parallel Advisors LLC grew its stake in First Industrial Realty Trust by 86.9% in the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 291 shares in the last quarter. Trust Co. of Vermont bought a new position in shares of First Industrial Realty Trust in the 2nd quarter worth $39,000. Caitong International Asset Management Co. Ltd raised its position in shares of First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 301 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in shares of First Industrial Realty Trust during the 3rd quarter valued at $51,000. 99.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Cantor Fitzgerald restated a “neutral” rating and set a $71.00 price target on shares of First Industrial Realty Trust in a research report on Monday, July 27th. Royal Bank Of Canada lifted their price target on First Industrial Realty Trust from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Citigroup upped their price objective on First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Finally, Wells Fargo & Company increased their price objective on First Industrial Realty Trust from $61.00 to $66.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. 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 company’s stock. According to MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.43.

First Industrial Realty Trust Price Performance

Shares of First Industrial Realty Trust stock opened at $60.94 on Thursday. 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 52-week low of $50.24 and a 52-week high of $69.88. The company has a fifty day moving average of $64.12 and a 200-day moving average of $62.37. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 22.24 and a beta of 1.03.

First Industrial Realty Trust (NYSE:FR) last issued 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). The business had revenue of $194.94 million during the quarter, compared to analysts’ expectations of $195.81 million. First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.First Industrial Realty Trust’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Equities research analysts expect that First Industrial Realty Trust, Inc. will post 3.17 EPS for the current year.

First Industrial Realty Trust Announces Dividend

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 issued a $0.50 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. First Industrial Realty Trust’s payout ratio is currently 72.99%.

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.