American Century Companies Inc. Grows Stock Position in First Industrial Realty Trust, Inc. $FR

American Century Companies Inc. increased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 609.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 360,223 shares of the real estate investment trust’s stock after acquiring an additional 309,444 shares during the period. American Century Companies Inc. owned approximately 0.27% of First Industrial Realty Trust worth $18,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FR. Jump Financial LLC purchased a new stake in shares of First Industrial Realty Trust in the 2nd quarter valued at approximately $4,795,000. Bank of Stockton acquired a new stake in First Industrial Realty Trust in the 3rd quarter valued at approximately $946,000. Thrivent Financial for Lutherans increased its holdings in First Industrial Realty Trust by 3.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,134,890 shares of the real estate investment trust’s stock valued at $109,883,000 after purchasing an additional 63,112 shares during the last quarter. Inscription Capital LLC raised its position in First Industrial Realty Trust by 391.4% in the third quarter. Inscription Capital LLC now owns 22,641 shares of the real estate investment trust’s stock valued at $1,165,000 after purchasing an additional 18,034 shares during the period. Finally, SG Americas Securities LLC raised its position in First Industrial Realty Trust by 1,112.1% in the third 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

FR has been the topic of several research analyst reports. Weiss Ratings upgraded First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Truist Financial lifted their target price on First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. UBS Group set a $62.00 price target on shares of First Industrial Realty Trust in a research note on Thursday, December 4th. Cantor Fitzgerald increased their price target on shares of First Industrial Realty Trust from $58.00 to $64.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Finally, Barclays restated a “positive” rating and issued a $64.00 price objective on shares of First Industrial Realty Trust in a report on Tuesday, January 13th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.29.

Insider Activity at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total value of $39,691.60. Following the completion of the sale, the executive directly owned 3,770 shares of the company’s stock, valued at approximately $220,054.90. This represents a 15.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.94% of the company’s stock.

First Industrial Realty Trust Trading Up 1.0%

Shares of First Industrial Realty Trust stock opened at $61.11 on Wednesday. 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 company has a fifty day simple moving average of $59.55 and a 200-day simple moving average of $56.40. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 32.85 and a beta of 1.11. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $64.01.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). The company had revenue of $188.41 million for 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%.First Industrial Realty Trust’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior 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. On average, equities analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS 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. Shareholders of record on Tuesday, March 31st will be paid a $0.50 dividend. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, March 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 95.70%.

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.