First Industrial Realty Trust, Inc. $FR Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 3.1% during the third quarter, Holdings Channel.com reports. The fund owned 420,732 shares of the real estate investment trust’s stock after selling 13,257 shares during the period. Rhumbline Advisers’ holdings in First Industrial Realty Trust were worth $21,655,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Krilogy Financial LLC acquired a new stake in First Industrial Realty Trust in the third quarter valued at approximately $337,000. ProShare Advisors LLC grew its position in shares of First Industrial Realty Trust by 91.9% in the third quarter. ProShare Advisors LLC now owns 11,264 shares of the real estate investment trust’s stock valued at $580,000 after purchasing an additional 5,394 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of First Industrial Realty Trust by 100.5% during the third quarter. Smartleaf Asset Management LLC now owns 2,217 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 1,111 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of First Industrial Realty Trust by 1.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 299,082 shares of the real estate investment trust’s stock worth $15,394,000 after purchasing an additional 5,252 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in First Industrial Realty Trust by 21.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,041 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Insider Buying and Selling

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the sale, the executive owned 3,770 shares in the company, valued at $220,054.90. This represents a 15.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.94% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FR. Cantor Fitzgerald increased their target price on shares of First Industrial Realty Trust from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. UBS Group set a $62.00 price objective on shares of First Industrial Realty Trust in a report on Thursday, December 4th. Citigroup increased their price target on First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Royal Bank Of Canada lifted their price target on First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Monday, January 5th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.07.

First Industrial Realty Trust Price Performance

FR opened at $58.85 on Tuesday. The stock’s 50-day moving average price is $58.41 and its 200 day moving average price is $54.95. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $60.79. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 31.64 and a beta of 1.14. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (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 business had revenue of $188.41 million for the quarter, compared to analysts’ expectations of $186.20 million. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter 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, sell-side analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, March 31st. First Industrial Realty Trust’s payout ratio is presently 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.