First Industrial Realty Trust, Inc. $FR Stake Lessened by Citigroup Inc.

Citigroup Inc. lessened its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 36.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,635 shares of the real estate investment trust’s stock after selling 62,848 shares during the quarter. Citigroup Inc. owned about 0.08% of First Industrial Realty Trust worth $5,746,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in First Industrial Realty Trust during the second quarter valued at approximately $4,795,000. Bank of Stockton acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter valued at $946,000. Inscription Capital LLC lifted its position in shares of First Industrial Realty Trust by 391.4% during the 3rd quarter. Inscription Capital LLC now owns 22,641 shares of the real estate investment trust’s stock valued at $1,165,000 after acquiring an additional 18,034 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of First Industrial Realty Trust by 3.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,134,890 shares of the real estate investment trust’s stock worth $109,883,000 after acquiring an additional 63,112 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of First Industrial Realty Trust by 1,112.1% in the 3rd quarter. SG Americas Securities LLC now owns 82,979 shares of the real estate investment trust’s stock worth $4,271,000 after acquiring an additional 76,133 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

Shares of FR opened at $62.63 on Wednesday. The company has a market capitalization of $8.30 billion, a PE ratio of 33.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.12. The company’s 50 day moving average price is $59.27 and its 200 day moving average price is $56.01. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $64.01.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The company had revenue of $188.41 million during the quarter, compared to analysts’ expectations of $186.20 million. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Research analysts expect 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 announced 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 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s payout ratio is currently 95.70%.

Analyst Ratings Changes

FR has been the subject of several analyst reports. UBS Group set a $62.00 target price on First Industrial Realty Trust in a report on Thursday, December 4th. Cantor Fitzgerald upped their price objective on shares of First Industrial Realty Trust from $58.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Robert W. Baird set a $65.00 target price on shares of First Industrial Realty Trust in a research report on Tuesday, February 17th. Royal Bank Of Canada boosted their price target on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Monday, January 5th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $63.29.

Insider Buying and Selling at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of First Industrial Realty Trust stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the sale, the executive directly 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 can be accessed through this link. 0.94% of the stock is owned by company insiders.

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.