California Public Employees Retirement System Purchases 8,828 Shares of First Industrial Realty Trust, Inc. $FR

California Public Employees Retirement System grew its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.7% during the 1st quarter, HoldingsChannel reports. The firm owned 244,796 shares of the real estate investment trust’s stock after acquiring an additional 8,828 shares during the quarter. California Public Employees Retirement System’s holdings in First Industrial Realty Trust were worth $14,161,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Kera Capital Partners Inc. boosted its stake in First Industrial Realty Trust by 4.3% during the 1st quarter. Kera Capital Partners Inc. now owns 12,561 shares of the real estate investment trust’s stock valued at $727,000 after purchasing an additional 514 shares during the period. Allspring Global Investments Holdings LLC increased its position in First Industrial Realty Trust by 6.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 24,406 shares of the real estate investment trust’s stock worth $1,431,000 after buying an additional 1,427 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of First Industrial Realty Trust by 10.5% during the first quarter. Sanctuary Advisors LLC now owns 12,002 shares of the real estate investment trust’s stock worth $694,000 after buying an additional 1,137 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of First Industrial Realty Trust by 61.7% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,776 shares of the real estate investment trust’s stock worth $508,000 after buying an additional 3,348 shares during the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of First Industrial Realty Trust by 1.9% in the first quarter. State of Michigan Retirement System now owns 31,868 shares of the real estate investment trust’s stock worth $1,844,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Robert W. Baird upped their target price on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Raymond James Financial restated a “strong-buy” rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. Truist Financial upped their price objective on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Barclays boosted their price target on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.29.

First Industrial Realty Trust Trading Up 1.0%

FR opened at $66.98 on Friday. The firm has a 50 day simple moving average of $63.46 and a 200 day simple moving average of $61.31. First Industrial Realty Trust, Inc. has a fifty-two week low of $47.38 and a fifty-two week high of $69.88. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 24.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.04.

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

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Tuesday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. First Industrial Realty Trust’s payout ratio is 77.52%.

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.