Tudor Investment Corp ET AL Has $3.28 Million Stock Position in First Industrial Realty Trust, Inc. $FR

Tudor Investment Corp ET AL reduced its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 70.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,771 shares of the real estate investment trust’s stock after selling 148,913 shares during the quarter. Tudor Investment Corp ET AL’s holdings in First Industrial Realty Trust were worth $3,282,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FR. Swiss Life Asset Management Ltd bought a new position in First Industrial Realty Trust in the third quarter valued at $311,000. JPMorgan Chase & Co. boosted its stake in shares of First Industrial Realty Trust by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,586,367 shares of the real estate investment trust’s stock worth $81,650,000 after buying an additional 127,915 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of First Industrial Realty Trust during the 3rd quarter worth about $1,791,000. Danske Bank A S bought a new position in shares of First Industrial Realty Trust in the 3rd quarter valued at about $51,000. Finally, Advisory Services Network LLC acquired a new stake in shares of First Industrial Realty Trust in the third quarter valued at about $97,000. Institutional investors own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group set a $62.00 price target on First Industrial Realty Trust in a research report on Thursday, December 4th. Robert W. Baird set a $65.00 price target on First Industrial Realty Trust in a research report on Tuesday, February 17th. Royal Bank Of Canada upped their price objective on First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Barclays reissued a “positive” rating and issued a $64.00 target price on shares of First Industrial Realty Trust in a research note on Tuesday, January 13th. Finally, Mizuho upped their price target on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.29.

First Industrial Realty Trust Stock Performance

Shares of NYSE FR opened at $58.22 on Friday. 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 market capitalization of $7.72 billion, a P/E ratio of 31.30 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. The stock has a 50 day moving average of $59.75 and a 200-day moving average of $56.94.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.17). First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. The business had revenue of $188.41 million during the quarter, compared to the consensus estimate of $186.20 million. During the same quarter last year, the company posted $0.71 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, equities research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis 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 dividend payout ratio is 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.