GSA Capital Partners LLP Invests $1.40 Million in First Industrial Realty Trust, Inc. $FR

GSA Capital Partners LLP bought a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the 2nd quarter, Holdings Channel reports. The fund bought 22,747 shares of the real estate investment trust’s stock, valued at approximately $1,395,000.

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

First Industrial Realty Trust Stock Performance

Shares of FR opened at $62.88 on Monday. 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 stock has a market cap of $8.34 billion, a P/E ratio of 22.95 and a beta of 1.04. The business’s 50 day moving average price is $64.20 and its 200-day moving average price is $61.94. First Industrial Realty Trust, Inc. has a 52 week low of $48.38 and a 52 week high of $69.88.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data 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 for 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%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FR shares. Robert W. Baird raised their target price on shares of 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. Scotiabank boosted their price target on shares of First Industrial Realty Trust from $63.00 to $66.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 12th. Barclays increased their price target on shares of 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. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $71.00 price objective on shares of First Industrial Realty Trust in a research report on Monday, July 27th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.