Cresset Asset Management LLC Boosts Stake in First Industrial Realty Trust, Inc. $FR

Cresset Asset Management LLC increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 290.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,103 shares of the real estate investment trust’s stock after purchasing an additional 16,448 shares during the quarter. Cresset Asset Management LLC’s holdings in First Industrial Realty Trust were worth $1,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FR. Victory Capital Management Inc. grew its holdings in First Industrial Realty Trust by 1.0% during the third quarter. Victory Capital Management Inc. now owns 950,971 shares of the real estate investment trust’s stock valued at $48,946,000 after purchasing an additional 9,522 shares during the period. Segall Bryant & Hamill LLC raised its stake in shares of First Industrial Realty Trust by 3.1% in the third quarter. Segall Bryant & Hamill LLC now owns 348,439 shares of the real estate investment trust’s stock worth $17,934,000 after buying an additional 10,624 shares during the period. Kennondale Capital Management LLC lifted its position in shares of First Industrial Realty Trust by 42.7% during the 3rd quarter. Kennondale Capital Management LLC now owns 17,077 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 5,114 shares in the last quarter. Lasalle Investment Management Securities LLC grew its stake in shares of First Industrial Realty Trust by 12.6% during the 3rd quarter. Lasalle Investment Management Securities LLC now owns 733,289 shares of the real estate investment trust’s stock valued at $37,742,000 after acquiring an additional 81,878 shares during the period. Finally, APG Asset Management US Inc. bought a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at approximately $6,904,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total value of $39,691.60. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is currently owned by insiders.

First Industrial Realty Trust Stock Up 1.1%

NYSE FR opened at $60.54 on Tuesday. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $64.01. 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 has a market cap of $8.02 billion, a PE ratio of 32.55 and a beta of 1.11. The stock’s 50 day moving average is $59.50 and its 200 day moving average is $56.33.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data 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). The company had revenue of $188.41 million for the quarter, compared to analysts’ expectations of $186.20 million. First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s payout ratio is presently 95.70%.

Wall Street Analyst Weigh In

FR has been the topic of a number of recent analyst reports. Citigroup raised their target price on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Weiss Ratings upgraded shares of First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. 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. UBS Group set a $62.00 price objective on shares of First Industrial Realty Trust in a research report on Thursday, December 4th. Finally, Mizuho upped their target price on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, First Industrial Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $63.29.

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.