Jain Global LLC Invests $7.27 Million in First Industrial Realty Trust, Inc. $FR

Jain Global LLC purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 141,143 shares of the real estate investment trust’s stock, valued at approximately $7,265,000. Jain Global LLC owned 0.11% of First Industrial Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FR. Mather Group LLC. purchased a new stake in First Industrial Realty Trust in the 3rd quarter worth approximately $39,000. Elevation Point Wealth Partners LLC purchased a new position in shares of First Industrial Realty Trust during the 2nd quarter valued at $40,000. SJS Investment Consulting Inc. purchased a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at $47,000. True Wealth Design LLC increased its stake in shares of First Industrial Realty Trust by 32.2% in the third quarter. True Wealth Design LLC now owns 1,655 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 403 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of First Industrial Realty Trust by 21.6% in the third quarter. Hantz Financial Services Inc. now owns 2,041 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 362 shares during the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Trading Up 1.5%

First Industrial Realty Trust stock opened at $61.04 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 32.81 and a beta of 1.11. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $64.01. The company’s fifty day moving average price is $59.78 and its two-hundred day moving average price is $56.64.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share 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 return on equity of 9.02% and a net margin of 34.03%.First Industrial Realty Trust’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business 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. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.3%. First Industrial Realty Trust’s dividend payout ratio is presently 95.70%.

Insider Transactions at First Industrial Realty Trust

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the sale, the executive owned 3,770 shares of the company’s stock, valued at $220,054.90. This represents a 15.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group set a $62.00 price objective on First Industrial Realty Trust in a research report on Thursday, December 4th. Cantor Fitzgerald upped their target price on First Industrial Realty Trust from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Mizuho raised their price target on First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Robert W. Baird set a $65.00 price target on First Industrial Realty Trust in a report on Tuesday, February 17th. Finally, Truist Financial boosted their price target on 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. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.29.

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.