DigitalBridge Group Inc. Makes New Investment in First Industrial Realty Trust, Inc. $FR

DigitalBridge Group Inc. bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,300 shares of the real estate investment trust’s stock, valued at approximately $1,148,000.

Several other hedge funds also recently modified their holdings of FR. Measured Wealth Private Client Group LLC bought a new stake in First Industrial Realty Trust during the third quarter worth $26,000. Mather Group LLC. bought a new stake in shares of First Industrial Realty Trust in the 3rd quarter worth $39,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of First Industrial Realty Trust in the second quarter valued at about $40,000. SJS Investment Consulting Inc. purchased a new stake in shares of First Industrial Realty Trust in the third quarter valued at about $47,000. Finally, Fulcrum Asset Management LLP bought a new position in shares of First Industrial Realty Trust during the third quarter valued at about $79,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Analyst Upgrades and Downgrades

FR has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Citigroup boosted their target price on First Industrial Realty Trust from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Mizuho upped their target price on First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Robert W. Baird set a $65.00 price target on First Industrial Realty Trust in a report on Tuesday, February 17th. Finally, Truist Financial upped their price objective on First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.29.

First Industrial Realty Trust Stock Down 0.2%

First Industrial Realty Trust stock opened at $60.84 on Wednesday. The firm has a 50 day moving average price of $59.84 and a 200-day moving average price of $56.70. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.93. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $64.01. The company has a market capitalization of $8.06 billion, a P/E ratio of 32.71 and a beta of 1.11.

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 period last year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, equities analysts predict 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 declared a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s payout ratio is currently 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.