Deutsche Bank AG Takes $79.73 Million Position in First Industrial Realty Trust, Inc. $FR

Deutsche Bank AG acquired a new position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,300,439 shares of the real estate investment trust's stock, valued at approximately $79,730,000. Deutsche Bank AG owned about 0.98% of First Industrial Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FR. Measured Wealth Private Client Group LLC bought a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at $26,000. Parallel Advisors LLC grew its stake in First Industrial Realty Trust by 86.9% in the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 291 shares during the last quarter. Trust Co. of Vermont bought a new position in First Industrial Realty Trust in the 2nd quarter worth $39,000. Caitong International Asset Management Co. Ltd raised its holdings in First Industrial Realty Trust by 64.0% in 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 acquiring an additional 301 shares during the period. Finally, Danske Bank A S acquired a new position in First Industrial Realty Trust during the 3rd quarter worth $51,000. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Performance

FR opened at $62.70 on Friday. The stock has a market cap of $8.31 billion, a PE ratio of 22.88 and a beta of 1.04. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89. First Industrial Realty Trust, Inc. has a 1 year low of $49.38 and a 1 year high of $69.88. The stock's 50 day simple moving average is $64.24 and its 200-day simple moving average is $62.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate 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 return on equity of 12.99% and a net margin of 47.97%.The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period 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. Sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current year.

First Industrial Realty Trust Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FR shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of First Industrial Realty Trust in a research report on Friday, July 24th. Truist Financial raised their price objective on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. Royal Bank Of Canada boosted their target price on shares of First Industrial Realty Trust from $68.00 to $75.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Raymond James Financial reiterated a "strong-buy" rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $71.00 price target on shares of First Industrial Realty Trust in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.07.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source