Handelsbanken Fonder AB Has $3.68 Million Stake in First Industrial Realty Trust, Inc. $FR

Handelsbanken Fonder AB grew its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 52.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,574 shares of the real estate investment trust’s stock after purchasing an additional 24,500 shares during the period. Handelsbanken Fonder AB’s holdings in First Industrial Realty Trust were worth $3,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FR. Mather Group LLC. bought a new position in shares of First Industrial Realty Trust in the 3rd quarter valued at about $39,000. Elevation Point Wealth Partners LLC bought a new position in First Industrial Realty Trust in the second quarter valued at approximately $40,000. SJS Investment Consulting Inc. acquired a new stake in First Industrial Realty Trust in the third quarter valued at $47,000. True Wealth Design LLC boosted its position in First Industrial Realty Trust by 988.7% during the second quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,137 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of First Industrial Realty Trust by 4,697.1% during the second quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 1,644 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 1.4%

Shares of First Industrial Realty Trust stock opened at $62.63 on Wednesday. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $64.01. 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 company’s fifty day simple moving average is $59.27 and its two-hundred day simple moving average is $56.01. The company has a market cap of $8.30 billion, a P/E ratio of 33.67 and a beta of 1.11.

First Industrial Realty Trust (NYSE:FR) last issued its 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 business had revenue of $188.41 million for 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 business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior 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. Research analysts anticipate 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 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. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio is currently 95.70%.

Analyst Ratings Changes

Several brokerages have recently commented on FR. Royal Bank Of Canada raised their target price on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Cantor Fitzgerald raised their price objective on First Industrial Realty Trust from $58.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, February 6th. iA Financial set a $67.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, January 5th. Citigroup lifted their price objective on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings upgraded shares of First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.29.

Insider Buying and Selling

In related news, CIO Johannson L. Yap sold 680 shares of the firm’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 transaction, the executive owned 3,770 shares of the company’s stock, valued at $220,054.90. This trade represents a 15.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.94% of the stock is owned by company insiders.

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.