OVERSEA CHINESE BANKING Corp Ltd Makes New $6 Million Investment in First Industrial Realty Trust, Inc. $FR

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 97,814 shares of the real estate investment trust’s stock, valued at approximately $5,997,000. OVERSEA CHINESE BANKING Corp Ltd owned 0.07% of First Industrial Realty Trust as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC lifted its position in First Industrial Realty Trust by 2.0% during the first quarter. Sequoia Financial Advisors LLC now owns 8,184 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 163 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of First Industrial Realty Trust by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 183 shares during the period. Quadrant Capital Group LLC increased its stake in shares of First Industrial Realty Trust by 2.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock worth $554,000 after acquiring an additional 211 shares in the last quarter. Fifth Third Bancorp lifted its position in First Industrial Realty Trust by 16.0% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 242 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in First Industrial Realty Trust by 1.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 14,870 shares of the real estate investment trust’s stock worth $852,000 after acquiring an additional 260 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FR shares. Citigroup lifted their target price on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Cantor Fitzgerald restated a “neutral” rating and issued a $71.00 price target on shares of First Industrial Realty Trust in a research note on Monday, July 27th. Scotiabank upped their price target on First Industrial Realty Trust from $63.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 12th. KeyCorp reaffirmed a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.07.

First Industrial Realty Trust Trading Down 0.1%

Shares of NYSE FR opened at $62.70 on Friday. The firm’s 50 day moving average price is $64.24 and its 200-day moving average price is $62.08. The company has a market cap of $8.31 billion, a PE ratio of 22.88 and a beta of 1.04. First Industrial Realty Trust, Inc. has a 52-week low of $49.38 and a 52-week high of $69.88. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results 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 firm had revenue of $194.94 million for the quarter, compared to the consensus estimate of $195.81 million. During the same period last year, the business earned $0.76 EPS. First Industrial Realty Trust’s 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 research analysts expect that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

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

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.