Caprock Group LLC Buys New Stake in First Industrial Realty Trust, Inc. $FR

Caprock Group LLC purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 25,152 shares of the real estate investment trust’s stock, valued at approximately $1,323,000.

Several other large investors also recently bought and sold shares of the stock. AlphaQuest LLC lifted its holdings in shares of First Industrial Realty Trust by 0.5% in the 3rd quarter. AlphaQuest LLC now owns 41,416 shares of the real estate investment trust’s stock valued at $2,132,000 after purchasing an additional 193 shares during the last quarter. Global Retirement Partners LLC increased its position in First Industrial Realty Trust by 3.6% during the third quarter. Global Retirement Partners LLC now owns 5,670 shares of the real estate investment trust’s stock worth $292,000 after buying an additional 195 shares during the period. ProShare Advisors LLC lifted its stake in First Industrial Realty Trust by 4.0% in the second quarter. ProShare Advisors LLC now owns 5,870 shares of the real estate investment trust’s stock valued at $283,000 after buying an additional 228 shares during the last quarter. Corient Private Wealth LLC lifted its stake in First Industrial Realty Trust by 0.9% in the second quarter. Corient Private Wealth LLC now owns 26,595 shares of the real estate investment trust’s stock valued at $1,280,000 after buying an additional 229 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of First Industrial Realty Trust by 0.4% in the second quarter. Amalgamated Bank now owns 60,879 shares of the real estate investment trust’s stock valued at $2,930,000 after acquiring an additional 257 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Robert W. Baird set a $64.00 target price on shares of First Industrial Realty Trust in a report on Thursday, January 8th. Citigroup upped their target price on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday. Weiss Ratings upgraded shares of First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Scotiabank boosted their price target on First Industrial Realty Trust from $57.00 to $62.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. upped their price objective on First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, First Industrial Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $63.07.

Insider Buying and Selling

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the sale, the executive owned 3,770 shares in the company, valued at approximately $220,054.90. This represents 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. Insiders own 1.06% of the company’s stock.

First Industrial Realty Trust Trading Up 1.4%

NYSE:FR opened at $58.85 on Friday. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $60.79. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.91 and a current ratio of 1.12. The stock has a fifty day moving average price of $58.39 and a two-hundred day moving average price of $54.83. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 31.64 and a beta of 1.14.

First Industrial Realty Trust (NYSE:FR) last issued 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). The company had revenue of $188.41 million during 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% on a year-over-year basis. During the same period last year, the business posted $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be given a $0.50 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s payout ratio is presently 95.70%.

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.