Exchange Traded Concepts LLC Lowers Stake in First Industrial Realty Trust, Inc. $FR

Exchange Traded Concepts LLC lessened its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 90.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,123 shares of the real estate investment trust’s stock after selling 50,684 shares during the period. Exchange Traded Concepts LLC’s holdings in First Industrial Realty Trust were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of First Industrial Realty Trust during the third quarter worth $26,000. Mather Group LLC. acquired a new stake in First Industrial Realty Trust in the 3rd quarter worth approximately $39,000. SJS Investment Consulting Inc. acquired a new stake in First Industrial Realty Trust in the 3rd quarter worth approximately $47,000. Danske Bank A S purchased a new stake in First Industrial Realty Trust during the 3rd quarter worth approximately $51,000. Finally, Fulcrum Asset Management LLP acquired a new position in First Industrial Realty Trust during the 3rd quarter valued at approximately $79,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

FR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Monday, January 5th. Royal Bank Of Canada raised their price target on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Barclays reaffirmed a “positive” rating and issued a $64.00 price objective on shares of First Industrial Realty Trust in a report on Tuesday, January 13th. 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 report on Tuesday, February 10th. Finally, Cantor Fitzgerald boosted their target price on shares of First Industrial Realty Trust from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.29.

First Industrial Realty Trust Stock Down 0.0%

FR stock opened at $58.67 on Monday. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $64.01. 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 firm has a market cap of $7.78 billion, a PE ratio of 31.54 and a beta of 1.11. The firm’s fifty day moving average is $59.68 and its 200 day moving average is $57.27.

First Industrial Realty Trust (NYSE:FR) last released 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). The business had revenue of $188.41 million during the quarter, compared to analyst estimates 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 for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date 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 presently 107.53%.

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.