Csenge Advisory Group Invests $2.12 Million in First Industrial Realty Trust, Inc. $FR

Csenge Advisory Group acquired a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 34,571 shares of the real estate investment trust’s stock, valued at approximately $2,120,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FR. Sequoia Financial Advisors LLC lifted its position in First Industrial Realty Trust by 2.0% in 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 buying an additional 163 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 183 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of First Industrial Realty Trust by 2.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock valued at $554,000 after acquiring an additional 211 shares during the period. Fifth Third Bancorp raised its stake in shares of First Industrial Realty Trust by 16.0% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 242 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of 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 acquiring an additional 260 shares during the last quarter. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Up 0.7%

Shares of FR opened at $62.82 on Thursday. The company’s 50-day simple moving average is $64.24 and its 200-day simple moving average is $62.05. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44. First Industrial Realty Trust, Inc. has a 1 year low of $49.38 and a 1 year high of $69.88. The stock has a market capitalization of $8.33 billion, a PE ratio of 22.93 and a beta of 1.04.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data 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). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. During the same quarter last year, the firm posted $0.76 EPS. 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. Analysts forecast that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm 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. This represents a $2.00 annualized dividend and a 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 currently 72.99%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FR. Raymond James Financial reaffirmed a “strong-buy” rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. Royal Bank Of Canada boosted their target price on 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 restated a “buy (b)” rating on shares of First Industrial Realty Trust in a research note on Friday, July 24th. Cantor Fitzgerald restated a “neutral” rating and set a $71.00 price target on shares of First Industrial Realty Trust in a research report on Monday, July 27th. Finally, Barclays lifted their price objective on 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, First Industrial Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $67.07.

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.