Squarepoint Ops LLC Acquires 59,168 Shares of First Industrial Realty Trust, Inc. $FR

Squarepoint Ops LLC raised its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 161.0% during the second quarter, HoldingsChannel reports. The firm owned 95,916 shares of the real estate investment trust’s stock after acquiring an additional 59,168 shares during the quarter. Squarepoint Ops LLC’s holdings in First Industrial Realty Trust were worth $5,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its holdings in shares of First Industrial Realty Trust by 2.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 8,184 shares of the real estate investment trust’s stock worth $473,000 after buying an additional 163 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in First Industrial Realty Trust by 4.3% in 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 buying an additional 183 shares in the last quarter. Arizona State Retirement System grew its position in First Industrial Realty Trust by 0.6% in the second quarter. Arizona State Retirement System now owns 36,580 shares of the real estate investment trust’s stock valued at $2,243,000 after acquiring an additional 207 shares during the last quarter. Quadrant Capital Group LLC grew its position 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 valued at $554,000 after acquiring an additional 211 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in First Industrial Realty Trust by 1.8% during the fourth 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 in the last quarter. Institutional investors own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FR. Wells Fargo & Company increased their target price on shares of First Industrial Realty Trust from $61.00 to $66.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. Truist Financial lifted their price target on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the company a “buy” rating in a report on Monday, July 27th. KeyCorp reissued a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. Royal Bank Of Canada raised their target price 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. Finally, Barclays upped their price target on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.43.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $61.38 on Friday. The firm has a market cap of $8.14 billion, a PE ratio of 22.40 and a beta of 1.03. The firm’s fifty day moving average is $64.07 and its 200-day moving average is $62.36. 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 52 week low of $50.24 and a 52 week high of $69.88.

First Industrial Realty Trust (NYSE:FR) last posted 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 company had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. During the same quarter in the previous year, the company earned $0.76 earnings per share. The business’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. Sell-side analysts predict that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. First Industrial Realty Trust’s dividend payout ratio is 72.99%.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc is a real estate investment trust that owns, operates, acquires, develops, redevelops and manages industrial properties across the United States. Its portfolio is primarily composed of warehouse, distribution and light industrial facilities used by manufacturers, distributors, logistics providers and other businesses.

The company serves customers in major industrial and logistics markets, with properties located in regions including the Midwest, Northeast, Southeast, Southwest and West Coast.