17,400 Shares in First Industrial Realty Trust, Inc. $FR Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,400 shares of the real estate investment trust’s stock, valued at approximately $897,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. purchased a new stake in First Industrial Realty Trust in the third quarter worth $39,000. Elevation Point Wealth Partners LLC purchased a new position in First Industrial Realty Trust during the second quarter valued at $40,000. SJS Investment Consulting Inc. bought a new position in First Industrial Realty Trust in the 3rd quarter worth about $47,000. True Wealth Design LLC lifted its stake in shares of First Industrial Realty Trust by 988.7% in the second quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 1,137 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in First Industrial Realty Trust by 4,697.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 1,644 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FR shares. Scotiabank upped their price target on First Industrial Realty Trust from $57.00 to $62.00 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Truist Financial upped their target price on shares of First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Robert W. Baird set a $65.00 price target on shares of First Industrial Realty Trust in a research note on Tuesday, February 17th. Barclays reissued a “positive” rating and set a $64.00 price objective on shares of First Industrial Realty Trust in a report on Tuesday, January 13th. Finally, Citigroup raised their target price on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.21.

Insiders Place Their Bets

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total value of $39,691.60. Following the completion of the sale, the executive owned 3,770 shares in the company, valued at approximately $220,054.90. This represents a 15.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.94% of the company’s stock.

First Industrial Realty Trust Stock Down 0.5%

FR stock opened at $63.14 on Monday. The business’s 50-day moving average price is $59.05 and its 200-day moving average price is $55.81. The stock has a market cap of $8.37 billion, a P/E ratio of 33.95 and a beta of 1.11. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.93. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $64.01.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The firm had revenue of $188.41 million for the quarter, compared to the consensus estimate of $186.20 million. During the same quarter in the previous year, the business posted $0.71 EPS. First Industrial Realty Trust’s revenue was up 7.3% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.2%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s payout ratio is currently 95.70%.

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.