Tudor Investment Corp ET AL Has $3.28 Million Stake in First Industrial Realty Trust, Inc. $FR

Tudor Investment Corp ET AL lowered its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 70.0% during the third quarter, Holdings Channel.com reports. The firm owned 63,771 shares of the real estate investment trust’s stock after selling 148,913 shares during the quarter. Tudor Investment Corp ET AL’s holdings in First Industrial Realty Trust were worth $3,282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of First Industrial Realty Trust by 41.1% during the first quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock worth $45,301,000 after buying an additional 244,562 shares in the last quarter. Franklin Resources Inc. increased its position in First Industrial Realty Trust by 23.8% during the second quarter. Franklin Resources Inc. now owns 347,963 shares of the real estate investment trust’s stock worth $16,747,000 after acquiring an additional 66,984 shares during the period. Rhumbline Advisers raised its stake in First Industrial Realty Trust by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 433,989 shares of the real estate investment trust’s stock worth $20,888,000 after purchasing an additional 26,382 shares in the last quarter. American Century Companies Inc. raised its stake in First Industrial Realty Trust by 9.9% in the 2nd quarter. American Century Companies Inc. now owns 50,779 shares of the real estate investment trust’s stock worth $2,444,000 after purchasing an additional 4,560 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in First Industrial Realty Trust by 7.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,366,674 shares of the real estate investment trust’s stock valued at $113,908,000 after purchasing an additional 153,817 shares during the period. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $58.22 on Friday. The firm’s 50 day simple moving average is $59.75 and its 200 day simple moving average is $56.94. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 31.30 and a beta of 1.11. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year 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 earnings per share for the quarter, missing the consensus estimate 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 business 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 company earned $0.71 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be given a $0.50 dividend. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, March 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 95.70%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. UBS Group set a $62.00 price target on First Industrial Realty Trust in a research note on Thursday, December 4th. Truist Financial increased their price target on First Industrial Realty Trust from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. iA Financial set a $67.00 price objective on First Industrial Realty Trust in a research note on Monday, January 5th. Finally, Citigroup lifted their price objective on 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.29.

First Industrial Realty Trust 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.