Ieq Capital LLC Takes $3.27 Million Position in First Industrial Realty Trust, Inc. $FR

Ieq Capital LLC acquired a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 53,408 shares of the real estate investment trust’s stock, valued at approximately $3,274,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in First Industrial Realty Trust by 26.3% in the first quarter. Public Employees Retirement System of Ohio now owns 290,663 shares of the real estate investment trust’s stock valued at $16,815,000 after buying an additional 60,459 shares during the period. M&T Bank Corp acquired a new position in shares of First Industrial Realty Trust during the 4th quarter worth approximately $1,134,000. Bank of America Corp DE increased its holdings in shares of First Industrial Realty Trust by 15.9% during the 1st quarter. Bank of America Corp DE now owns 778,077 shares of the real estate investment trust’s stock worth $45,012,000 after acquiring an additional 106,928 shares during the last quarter. Convergence Investment Partners LLC bought a new stake in First Industrial Realty Trust in the 1st quarter valued at $1,367,000. Finally, Entropy Technologies LP raised its stake in First Industrial Realty Trust by 117.6% in the 1st quarter. Entropy Technologies LP now owns 50,754 shares of the real estate investment trust’s stock valued at $2,936,000 after acquiring an additional 27,433 shares during the period. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Performance

FR opened at $63.48 on Tuesday. 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 business has a fifty day simple moving average of $64.23 and a 200 day simple moving average of $62.16. First Industrial Realty Trust, Inc. has a 1 year low of $50.24 and a 1 year high of $69.88. The company has a market capitalization of $8.42 billion, a PE ratio of 23.17 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 earnings per share 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 firm had revenue of $194.94 million for the quarter, compared to the consensus estimate of $195.81 million. During the same quarter in the previous year, the business earned $0.76 EPS. The firm’s quarterly revenue 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. Research analysts expect that First Industrial Realty Trust, Inc. will post 3.17 EPS for the current year.

First Industrial Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

FR has been the subject of a number of research analyst reports. Robert W. Baird lifted their price objective on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Weiss Ratings reissued a “buy (b)” rating on shares of First Industrial Realty Trust in a research report on Friday, July 24th. Scotiabank raised their target price on shares of First Industrial Realty Trust from $63.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 12th. Wells Fargo & Company decreased their price target on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Finally, Royal Bank Of Canada increased their price target on shares of First Industrial Realty Trust from $68.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.