69,677 Shares in First Industrial Realty Trust, Inc. $FR Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 69,677 shares of the real estate investment trust's stock, valued at approximately $4,272,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.05% of First Industrial Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in First Industrial Realty Trust in the second quarter valued at about $1,021,489,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Industrial Realty Trust by 856,065.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust's stock worth $560,443,000 after purchasing an additional 9,784,830 shares during the period. California State Teachers Retirement System lifted its stake in First Industrial Realty Trust by 5,999.7% in the second quarter. California State Teachers Retirement System now owns 9,450,139 shares of the real estate investment trust's stock valued at $579,388,000 after purchasing an additional 9,295,212 shares during the last quarter. Norges Bank bought a new position in First Industrial Realty Trust during the fourth quarter valued at $320,075,000. Finally, Invesco Ltd. grew its holdings in First Industrial Realty Trust by 8.0% during the third quarter. Invesco Ltd. now owns 4,343,723 shares of the real estate investment trust's stock valued at $223,571,000 after purchasing an additional 323,248 shares during the period. Institutional investors own 99.85% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on FR. Wells Fargo & Company boosted their target price on First Industrial Realty Trust from $61.00 to $66.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 1st. Royal Bank Of Canada boosted their price objective on First Industrial Realty Trust from $68.00 to $75.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Weiss Ratings lowered shares of First Industrial Realty Trust from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday. Barclays lifted 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 note on Thursday, July 16th. Finally, Citigroup boosted their price target on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the company a "neutral" rating in a research report on Tuesday, July 28th. 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 stock. Based on data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of "Moderate Buy" and a consensus target price of $67.43.

First Industrial Realty Trust Trading Down 1.3%

Shares of FR opened at $60.94 on Thursday. The business's 50-day moving average price is $64.12 and its 200-day moving average price is $62.37. First Industrial Realty Trust, Inc. has a twelve month low of $50.24 and a twelve month high of $69.88. The stock has a market cap of $8.08 billion, a PE ratio of 22.24 and a beta of 1.03. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data 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 firm 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 was up 8.2% compared to the same quarter last year. During the same quarter last year, the business 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 analysts forecast that First Industrial Realty Trust, Inc. will post 3.17 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Investors of record on Wednesday, September 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, September 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is 72.99%.

About First Industrial Realty Trust

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.

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