EP Wealth Advisors LLC Takes Position in First Industrial Realty Trust, Inc. $FR

EP Wealth Advisors LLC bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,056 shares of the real estate investment trust’s stock, valued at approximately $984,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter valued at about $26,000. Parallel Advisors LLC lifted its stake in First Industrial Realty Trust by 86.9% during 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 during the period. Trust Co. of Vermont acquired a new stake in First Industrial Realty Trust during the second quarter valued at approximately $39,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $44,000 after purchasing an additional 301 shares in the last quarter. Finally, Danske Bank A S bought a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at approximately $51,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock opened at $62.94 on Monday. First Industrial Realty Trust, Inc. has a 12-month low of $49.58 and a 12-month high of $69.88. The stock has a 50-day simple moving average of $64.23 and a 200 day simple moving average of $62.12. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 22.97 and a beta of 1.04.

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 net margin of 47.97% and a return on equity of 12.99%. The company had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. During the same quarter in the previous year, the business posted $0.76 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, research analysts anticipate that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 72.99%.

Analyst Upgrades and Downgrades

Several research firms recently commented on FR. Weiss Ratings restated a “buy (b)” rating on shares of First Industrial Realty Trust in a research report on Friday, July 24th. KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. Citigroup lifted their price objective on First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Raymond James Financial restated a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Finally, Robert W. Baird upped their target price on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, First Industrial Realty Trust has a consensus 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.