APG Asset Management US Inc. Invests $6.90 Million in First Industrial Realty Trust, Inc. $FR

APG Asset Management US Inc. acquired a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 132,600 shares of the real estate investment trust’s stock, valued at approximately $6,904,000. APG Asset Management US Inc. owned about 0.10% of First Industrial Realty Trust as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Mather Group LLC. bought a new stake in First Industrial Realty Trust during the third quarter valued at $39,000. Elevation Point Wealth Partners LLC acquired a new position in shares of First Industrial Realty Trust in the 2nd quarter valued at about $40,000. SJS Investment Consulting Inc. acquired a new position in shares of First Industrial Realty Trust in the 3rd quarter valued at about $47,000. True Wealth Design LLC boosted its position in shares of First Industrial Realty Trust by 988.7% during the 2nd quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,137 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in First Industrial Realty Trust by 4,697.1% during the second quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 1,644 shares during the period. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $63.14 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The stock’s fifty day simple moving average is $59.05 and its two-hundred day simple moving average is $55.76. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $64.01. The stock has a market cap of $8.37 billion, a PE ratio of 33.95 and a beta of 1.14.

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

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. 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. First Industrial Realty Trust’s payout ratio is currently 95.70%.

Insider Buying and Selling

In other news, CIO Johannson L. Yap sold 680 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total value of $39,691.60. Following the transaction, the executive owned 3,770 shares in the company, valued at $220,054.90. The trade was a 15.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FR. Royal Bank Of Canada boosted their price target on First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Robert W. Baird set a $65.00 price objective on shares of First Industrial Realty Trust in a research note on Tuesday, February 17th. UBS Group set a $62.00 target price on shares of First Industrial Realty Trust in a research report on Thursday, December 4th. iA Financial set a $67.00 price target on shares of First Industrial Realty Trust in a report on Monday, January 5th. Finally, Scotiabank lifted their price target on shares of First Industrial Realty Trust from $57.00 to $62.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.21.

First Industrial Realty Trust 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.