Duff & Phelps Investment Management Co. Acquires Shares of 1,449,075 First Industrial Realty Trust, Inc. $FR

Duff & Phelps Investment Management Co. bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,449,075 shares of the real estate investment trust’s stock, valued at approximately $74,584,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. purchased a new position in shares of First Industrial Realty Trust during the third quarter worth about $39,000. Elevation Point Wealth Partners LLC purchased a new stake in First Industrial Realty Trust during the 2nd quarter valued at approximately $40,000. SJS Investment Consulting Inc. acquired a new stake in First Industrial Realty Trust during the 3rd quarter worth approximately $47,000. True Wealth Design LLC grew its stake in shares of First Industrial Realty Trust by 32.2% in the 3rd quarter. True Wealth Design LLC now owns 1,655 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 403 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of First Industrial Realty Trust by 21.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,041 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 0.1%

FR opened at $61.06 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $64.01. The stock has a market capitalization of $8.09 billion, a P/E ratio of 32.83 and a beta of 1.11. The business has a 50 day simple moving average of $59.63 and a 200-day simple moving average of $56.43.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data 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 business had revenue of $188.41 million for 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%.The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.50 per share. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. First Industrial Realty Trust’s dividend payout ratio is currently 95.70%.

Insider Activity

In related news, CIO Johannson L. Yap sold 680 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were 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 $220,054.90. This trade 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 at this link. 1.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on FR shares. Barclays restated a “positive” rating and set a $64.00 price target on shares of First Industrial Realty Trust in a research note on Tuesday, January 13th. UBS Group set a $62.00 price objective on shares of First Industrial Realty Trust in a research report on Thursday, December 4th. Cantor Fitzgerald boosted their price objective on shares of First Industrial Realty Trust from $58.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. iA Financial set a $67.00 price objective on shares of First Industrial Realty Trust in a research report on Monday, January 5th. Finally, Citigroup lifted their target price on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, First Industrial Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $63.29.

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.