Fort Washington Investment Advisors Inc. OH Acquires New Shares in First Industrial Realty Trust, Inc. $FR

Fort Washington Investment Advisors Inc. OH acquired a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 530,866 shares of the real estate investment trust’s stock, valued at approximately $31,608,000.

Other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its position in 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 during the period. Fifth Third Wealth Advisors LLC grew its holdings in First Industrial Realty Trust by 4.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust’s stock worth $258,000 after acquiring an additional 183 shares during the last quarter. Arizona State Retirement System grew its holdings in First Industrial Realty Trust by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 36,580 shares of the real estate investment trust’s stock worth $2,243,000 after acquiring an additional 207 shares during the last quarter. Versant Capital Management Inc grew its holdings in First Industrial Realty Trust by 2.9% during the 3rd quarter. Versant Capital Management Inc now owns 8,525 shares of the real estate investment trust’s stock worth $508,000 after acquiring an additional 242 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in First Industrial Realty Trust by 3.3% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 8,669 shares of the real estate investment trust’s stock valued at $502,000 after acquiring an additional 274 shares during the period. Institutional investors own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FR shares. Cantor Fitzgerald restated a “neutral” rating and issued a $71.00 price target on shares of First Industrial Realty Trust in a research report on Monday, July 27th. Barclays lifted 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. Truist Financial lifted their price target on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Finally, Scotiabank increased their price objective on 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 research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.43.

First Industrial Realty Trust Trading Down 0.1%

NYSE FR opened at $58.72 on Friday. The firm has a market capitalization of $7.78 billion, a PE ratio of 21.43 and a beta of 1.03. The business’s 50-day moving average price is $61.44 and its two-hundred day moving average price is $62.34. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89. First Industrial Realty Trust, Inc. has a 12 month low of $53.83 and a 12 month high of $69.88.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results 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 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 period in the previous year, the company posted $0.76 EPS. The company’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. On average, analysts expect that First Industrial Realty Trust, Inc. will post 3.17 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 19th. Investors of record on Wednesday, September 30th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.4%. First Industrial Realty Trust’s dividend payout ratio is presently 72.99%.

First Industrial Realty Trust Profile

First Industrial Realty Trust, Inc is a self-administered and self-managed real estate investment trust that owns, operates, acquires, develops and manages industrial properties in the United States. The company focuses primarily on warehouse, distribution, logistics and light industrial facilities that serve manufacturers, distributors, retailers and other businesses.

First Industrial’s portfolio is concentrated in major logistics and industrial markets, including locations near population centers, transportation infrastructure and key distribution hubs.