Asset Management One Co. Ltd. Sells 8,999 Shares of First Industrial Realty Trust, Inc. $FR

Asset Management One Co. Ltd. cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 254,362 shares of the real estate investment trust’s stock after selling 8,999 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.19% of First Industrial Realty Trust worth $14,756,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FR. Measured Wealth Private Client Group LLC bought a new position in First Industrial Realty Trust in the 3rd quarter worth approximately $26,000. Mather Group LLC. bought a new position in First Industrial Realty Trust in the 3rd quarter worth approximately $39,000. SJS Investment Consulting Inc. bought a new position in First Industrial Realty Trust in the 3rd quarter worth approximately $47,000. Danske Bank A S bought a new position in First Industrial Realty Trust in the 3rd quarter worth approximately $51,000. Finally, Fulcrum Asset Management LLP bought a new position in First Industrial Realty Trust in the 3rd quarter worth approximately $79,000. 99.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on FR shares. Cantor Fitzgerald upped their price objective on First Industrial Realty Trust from $58.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. iA Financial set a $67.00 price objective on First Industrial Realty Trust in a report on Monday, January 5th. Weiss Ratings raised First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Barclays reaffirmed a “positive” rating and set a $64.00 price objective on shares of First Industrial Realty Trust in a report on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.29.

First Industrial Realty Trust Stock Up 1.0%

Shares of FR opened at $64.39 on Tuesday. The firm has a fifty day moving average price of $60.30 and a 200-day moving average price of $58.01. 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 firm has a market capitalization of $8.54 billion, a P/E ratio of 34.62 and a beta of 1.11. First Industrial Realty Trust, Inc. has a 12-month low of $44.58 and a 12-month high of $64.47.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 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 the consensus estimate of $186.20 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Equities research analysts expect that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.1%. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, March 31st. First Industrial Realty Trust’s payout ratio is presently 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.