Public Employees Retirement System of Ohio Has $16.82 Million Position in First Industrial Realty Trust, Inc. $FR

Public Employees Retirement System of Ohio boosted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 26.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 290,663 shares of the real estate investment trust’s stock after purchasing an additional 60,459 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in First Industrial Realty Trust were worth $16,815,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in shares of First Industrial Realty Trust in the third quarter valued at approximately $26,000. Parallel Advisors LLC boosted its holdings in shares of First Industrial Realty Trust by 86.9% during the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 291 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 301 shares during the period. Danske Bank A S acquired a new position in First Industrial Realty Trust in the 3rd quarter valued at $51,000. Finally, Parkside Financial Bank & Trust raised its holdings in First Industrial Realty Trust by 27.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Weiss Ratings raised First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Barclays lifted their price objective on First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. 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, Raymond James Financial restated a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.29.

First Industrial Realty Trust Trading Up 1.0%

Shares of FR stock opened at $66.98 on Friday. The firm has a market capitalization of $8.88 billion, a P/E ratio of 24.44 and a beta of 1.05. First Industrial Realty Trust, Inc. has a 1 year low of $47.38 and a 1 year high of $69.88. The firm’s fifty day simple moving average is $63.46 and its 200 day simple moving average is $61.31. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 0.89.

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

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th were given 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 dividend payout ratio is currently 72.99%.

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.