Hsbc Holdings PLC Makes New $16.86 Million Investment in First Industrial Realty Trust, Inc. $FR

Hsbc Holdings PLC bought a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 274,805 shares of the real estate investment trust’s stock, valued at approximately $16,861,000. Hsbc Holdings PLC owned about 0.21% of First Industrial Realty Trust as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in First Industrial Realty Trust in the third quarter valued at about $26,000. Parallel Advisors LLC boosted its holdings in First Industrial Realty Trust by 86.9% during the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 291 shares during the last quarter. Trust Co. of Vermont bought a new position in First Industrial Realty Trust during the second quarter worth about $39,000. Caitong International Asset Management Co. Ltd grew its position in shares of First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 301 shares during the period. Finally, Danske Bank A S bought a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

FR has been the topic of a number of analyst reports. Barclays increased their price target on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Citigroup increased their target price on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. KeyCorp reissued a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Finally, Scotiabank boosted their price target on shares of First Industrial Realty Trust from $63.00 to $66.00 and gave the company a “sector perform” rating in a report on Wednesday, August 12th. One investment 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.07.

First Industrial Realty Trust Price Performance

NYSE FR opened at $62.43 on Friday. The business has a 50 day simple moving average of $64.30 and a 200 day simple moving average of $62.23. First Industrial Realty Trust, Inc. has a 52-week low of $50.24 and a 52-week high of $69.88. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 22.78 and a beta of 1.04.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results 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). The company had revenue of $194.94 million during the quarter, compared to the consensus estimate of $195.81 million. First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Analysts anticipate that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Investors 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 payout ratio is currently 72.99%.

First Industrial Realty Trust Company 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.