OneDigital Investment Advisors LLC Takes $913,000 Position in First Industrial Realty Trust, Inc. $FR

OneDigital Investment Advisors LLC acquired a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the second quarter, Holdings Channel reports. The fund acquired 14,890 shares of the real estate investment trust’s stock, valued at approximately $913,000.

Other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in First Industrial Realty Trust in the third quarter valued at about $26,000. Parallel Advisors LLC raised its position in First Industrial Realty Trust by 86.9% in the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 291 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in First Industrial Realty Trust by 64.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 301 shares during the period. Danske Bank A S bought a new position in First Industrial Realty Trust during the third quarter worth about $51,000. Finally, Parkside Financial Bank & Trust boosted its holdings in First Industrial Realty Trust by 27.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 262 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Price Performance

Shares of First Industrial Realty Trust stock opened at $62.83 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 22.93 and a beta of 1.04. First Industrial Realty Trust, Inc. has a 1-year low of $48.42 and a 1-year high of $69.88. The firm’s 50-day moving average price is $64.24 and its two-hundred day moving average price is $61.98.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.22). First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The firm had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. During the same period in the previous year, the business posted $0.76 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, equities analysts predict that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 72.99%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Raymond James Financial reiterated a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Industrial Realty Trust in a research note on Friday, July 24th. Citigroup upped their price target on First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. Finally, Scotiabank lifted their price objective on First Industrial Realty Trust from $63.00 to $66.00 and gave the company a “sector perform” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, First Industrial Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $67.07.

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.