Paralel Advisors LLC Invests $2.27 Million in First Industrial Realty Trust, Inc. $FR

Paralel Advisors LLC bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 37,000 shares of the real estate investment trust’s stock, valued at approximately $2,268,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in First Industrial Realty Trust in the 3rd quarter valued at $26,000. Parallel Advisors LLC increased its position in First Industrial Realty Trust by 86.9% during the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 291 shares during the period. Trust Co. of Vermont acquired a new stake in First Industrial Realty Trust in the 2nd quarter worth about $39,000. Caitong International Asset Management Co. Ltd boosted its holdings in First Industrial Realty Trust by 64.0% in 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 purchasing an additional 301 shares during the period. Finally, Danske Bank A S acquired a new position in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FR shares. Royal Bank Of Canada lifted their price target 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Industrial Realty Trust in a research note on Friday, July 24th. Wells Fargo & Company reduced their price objective on First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Raymond James Financial restated a “strong-buy” rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $71.00 price target on shares of First Industrial Realty Trust in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.07.

First Industrial Realty Trust Stock Performance

Shares of FR opened at $62.70 on Friday. First Industrial Realty Trust, Inc. has a one year low of $49.38 and a one year high of $69.88. The company has a market cap of $8.31 billion, a PE ratio of 22.88 and a beta of 1.04. The stock has a 50-day moving average of $64.24 and a 200-day moving average of $62.08. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.44.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.22). The firm had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, equities research analysts predict that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th will be paid a $0.50 dividend. 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 Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 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.