First Industrial Realty Trust, Inc. $FR Shares Sold by BROOKFIELD Corp ON

BROOKFIELD Corp ON cut its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 35.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 308,687 shares of the real estate investment trust’s stock after selling 172,350 shares during the quarter. BROOKFIELD Corp ON’s holdings in First Industrial Realty Trust were worth $17,858,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Measured Wealth Private Client Group LLC purchased a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at approximately $26,000. Parallel Advisors LLC increased its stake in shares of First Industrial Realty Trust by 86.9% in the fourth 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 last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of First Industrial Realty Trust by 64.0% in the fourth 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 last quarter. Danske Bank A S bought a new stake in shares of First Industrial Realty Trust in the third quarter worth $51,000. Finally, Parkside Financial Bank & Trust raised its holdings in First Industrial Realty Trust by 27.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 262 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

FR stock opened at $66.98 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89. The firm has a market cap of $8.88 billion, a P/E ratio of 24.44 and a beta of 1.05. First Industrial Realty Trust, Inc. has a 12-month low of $47.38 and a 12-month high of $69.88. The stock’s 50 day simple moving average is $63.46 and its 200 day simple moving average is $61.33.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.22). The firm 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 for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business 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, equities research analysts predict that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 72.99%.

Wall Street Analyst Weigh In

A number of research analysts have commented on FR shares. Raymond James Financial reiterated a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Barclays boosted their target price on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Cantor Fitzgerald restated a “neutral” rating and issued a $65.00 target price on shares of First Industrial Realty Trust in a research note on Monday, April 27th. Truist Financial increased their price target on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings upgraded First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.29.

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.