FNY Investment Advisers LLC Invests $572,000 in First Industrial Realty Trust, Inc. $FR

FNY Investment Advisers LLC bought a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the real estate investment trust’s stock, valued at approximately $572,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FR. Jump Financial LLC acquired a new stake in shares of First Industrial Realty Trust during the second quarter valued at approximately $4,795,000. Bank of Stockton acquired a new position in First Industrial Realty Trust in the 3rd quarter worth approximately $946,000. Inscription Capital LLC grew its position in 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 worth $1,165,000 after purchasing an additional 18,034 shares in the last quarter. Thrivent Financial for Lutherans grew its position in 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 purchasing an additional 63,112 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in First Industrial Realty Trust by 1,112.1% during the 3rd quarter. SG Americas Securities LLC now owns 82,979 shares of the real estate investment trust’s stock valued at $4,271,000 after purchasing an additional 76,133 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FR. Wall Street Zen cut First Industrial Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. iA Financial set a $67.00 price target on First Industrial Realty Trust in a research report on Monday, January 5th. Deutsche Bank Aktiengesellschaft raised 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. Truist Financial raised their price objective on First Industrial Realty Trust from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Finally, Robert W. Baird set a $65.00 target price on First Industrial Realty Trust in a research note on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.29.

First Industrial Realty Trust Trading Up 0.0%

Shares of NYSE:FR opened at $58.67 on Friday. The firm has a fifty day moving average of $59.65 and a two-hundred day moving average of $57.15. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.93. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $64.01. The firm has a market capitalization of $7.78 billion, a P/E ratio of 31.54 and a beta of 1.11.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share 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 analyst estimates of $186.20 million. During the same period last year, the company posted $0.71 earnings per share. The company’s 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. On average, equities 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 3.4%. 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 107.53%.

About First Industrial Realty Trust

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.