OVERSEA CHINESE BANKING Corp Ltd Buys Shares of 97,814 First Industrial Realty Trust, Inc. $FR

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 97,814 shares of the real estate investment trust’s stock, valued at approximately $5,997,000.

A number of other large investors have also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC raised its holdings in shares of First Industrial Realty Trust by 2.0% during the first quarter. Sequoia Financial Advisors LLC now owns 8,184 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 163 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in First Industrial Realty Trust by 4.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 183 shares during the period. Quadrant Capital Group LLC boosted its holdings in First Industrial Realty Trust by 2.0% in the third quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock worth $554,000 after purchasing an additional 211 shares during the last quarter. Fifth Third Bancorp boosted its holdings in First Industrial Realty Trust by 16.0% in the fourth quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 242 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in First Industrial Realty Trust by 1.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 14,870 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 260 shares during the period. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Trading Down 0.1%

Shares of First Industrial Realty Trust stock opened at $62.70 on Friday. First Industrial Realty Trust, Inc. has a 1-year low of $49.38 and a 1-year high of $69.88. The company’s fifty day simple moving average is $64.24 and its 200-day simple moving average is $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. The stock has a market capitalization of $8.31 billion, a PE ratio of 22.88 and a beta of 1.04.

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

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th will be given a $0.50 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio is presently 72.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Truist Financial lifted their price objective on First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Robert W. Baird lifted their price objective on First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Scotiabank upped their price objective on First Industrial Realty Trust from $63.00 to $66.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 12th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $71.00 target price on shares of First Industrial Realty Trust in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.07.

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.