Savant Capital LLC Decreases Stock Position in First Industrial Realty Trust, Inc. $FR

Savant Capital LLC cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 23.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,428 shares of the real estate investment trust’s stock after selling 8,721 shares during the quarter. Savant Capital LLC’s holdings in First Industrial Realty Trust were worth $1,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of First Industrial Realty Trust during the 2nd quarter valued at approximately $272,085,000. Rush Island Management LP acquired a new stake in shares of First Industrial Realty Trust in the second quarter valued at about $79,904,000. AQR Capital Management LLC boosted its position in First Industrial Realty Trust by 491.9% during the second quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust’s stock worth $89,291,000 after acquiring an additional 1,541,778 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of First Industrial Realty Trust by 1,339.7% during the 2nd quarter. Engineers Gate Manager LP now owns 1,081,925 shares of the real estate investment trust’s stock worth $52,073,000 after purchasing an additional 1,006,778 shares during the last quarter. Finally, PGGM Investments grew its holdings in First Industrial Realty Trust by 46.0% in the 3rd quarter. PGGM Investments now owns 2,337,100 shares of the real estate investment trust’s stock valued at $120,291,000 after buying an additional 736,477 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Insider Buying and Selling at First Industrial Realty Trust

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total value of $39,691.60. Following the completion of the transaction, the executive directly owned 3,770 shares in the company, valued at $220,054.90. This trade represents a 15.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.94% of the stock is currently owned by company insiders.

First Industrial Realty Trust Stock Down 0.3%

FR stock opened at $59.59 on Tuesday. The company has a market cap of $7.89 billion, a P/E ratio of 32.04 and a beta of 1.14. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $58.19 and its 200 day moving average price is $54.60. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $60.79.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). The business had revenue of $188.41 million during the quarter, compared to analysts’ expectations of $186.20 million. First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.First Industrial Realty Trust’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Tuesday, March 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 95.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of First Industrial Realty Trust in a research note on Monday. Mizuho increased their target price on First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Robert W. Baird set a $64.00 target price on shares of First Industrial Realty Trust in a report on Thursday, January 8th. Finally, The Goldman Sachs Group upped their target price on shares of First Industrial Realty Trust from $53.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.08.

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.