SG Americas Securities LLC Acquires 100,551 Shares of First Industrial Realty Trust, Inc. $FR

SG Americas Securities LLC boosted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 121.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,530 shares of the real estate investment trust’s stock after acquiring an additional 100,551 shares during the quarter. SG Americas Securities LLC owned about 0.14% of First Industrial Realty Trust worth $10,511,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC bought a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at approximately $26,000. Mather Group LLC. bought a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at approximately $39,000. Elevation Point Wealth Partners LLC purchased a new stake in First Industrial Realty Trust during the 2nd quarter valued at $40,000. SJS Investment Consulting Inc. purchased a new stake in First Industrial Realty Trust during the 3rd quarter valued at $47,000. Finally, Danske Bank A S bought a new stake in First Industrial Realty Trust in the third quarter worth $51,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Performance

Shares of First Industrial Realty Trust stock opened at $57.25 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.93. The stock’s fifty day moving average is $59.69 and its two-hundred day moving average is $57.06. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $64.01. The company has a market capitalization of $7.59 billion, a PE ratio of 30.78 and a beta of 1.11.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). The business had revenue of $188.41 million for the quarter, compared to the consensus estimate of $186.20 million. First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter 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, analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. 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. First Industrial Realty Trust’s dividend payout ratio (DPR) is 95.70%.

Wall Street Analyst Weigh In

FR has been the subject of several recent analyst reports. Mizuho lifted their price objective on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Robert W. Baird set a $65.00 target price on shares of First Industrial Realty Trust in a report on Tuesday, February 17th. Truist Financial lifted their price target on shares of First Industrial Realty Trust from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Royal Bank Of Canada upped their price target on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Finally, Scotiabank increased their price objective on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.29.

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.