Public Employees Retirement System of Ohio Makes New $18.47 Million Investment in First Industrial Realty Trust, Inc. $FR

Public Employees Retirement System of Ohio acquired a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 301,248 shares of the real estate investment trust’s stock, valued at approximately $18,470,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Adelante Capital Management LLC acquired a new position in shares of First Industrial Realty Trust during the second quarter valued at $11,417,000. Corient Private Wealth LP acquired a new position in First Industrial Realty Trust during the 2nd quarter valued at about $10,847,000. Bank of America Corp DE acquired a new position in First Industrial Realty Trust during the 2nd quarter valued at about $52,588,000. Caisse de depot et placement du Quebec bought a new position in shares of First Industrial Realty Trust in the 2nd quarter valued at about $14,744,000. Finally, Man Group plc acquired a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth approximately $3,660,000. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

Shares of FR stock opened at $61.93 on Friday. First Industrial Realty Trust, Inc. has a 12-month low of $50.24 and a 12-month high of $69.88. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 22.60 and a beta of 1.04. 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 firm has a fifty day moving average of $64.31 and a 200-day moving average of $62.23.

First Industrial Realty Trust (NYSE:FR) last posted its 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). The business had revenue of $194.94 million for the quarter, compared to the consensus estimate of $195.81 million. First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, equities research analysts forecast that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Robert W. Baird raised their price target on First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a report on Wednesday, June 10th. Finally, Barclays increased their target price 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 analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, First Industrial Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $67.07.

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.