First Industrial Realty Trust, Inc. $FR Shares Acquired by Kennedy Capital Management LLC

Key Points

• Kennedy Capital Management increased its stake in First Industrial Realty Trust by 167.9%, adding 188,679 shares to hold 301,067 shares (about 0.23% of the company) worth roughly $15.5 million at quarter-end.
• First Industrial missed quarterly EPS expectations ($0.59 vs. $0.76) while revenue rose 7.3% to $188.4 million; management set FY2026 guidance of 3.090–3.190 EPS and analysts have a consensus "Moderate Buy" with an average target of $63.29.
• The company raised its quarterly dividend to $0.50 (annualized $2.00, ~3.3% yield) from $0.45, with an elevated payout ratio around 95.7% and an ex-dividend date of March 31.

Kennedy Capital Management LLC raised its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 167.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 301,067 shares of the real estate investment trust's stock after purchasing an additional 188,679 shares during the period. Kennedy Capital Management LLC owned 0.23% of First Industrial Realty Trust worth $15,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FR. Mather Group LLC. bought a new stake in shares of First Industrial Realty Trust during the third quarter valued at approximately $39,000. Elevation Point Wealth Partners LLC bought a new position in First Industrial Realty Trust in the 2nd quarter worth approximately $40,000. SJS Investment Consulting Inc. bought a new position in First Industrial Realty Trust in the 3rd quarter worth approximately $47,000. True Wealth Design LLC increased its position in First Industrial Realty Trust by 32.2% in the 3rd quarter. True Wealth Design LLC now owns 1,655 shares of the real estate investment trust's stock valued at $85,000 after acquiring an additional 403 shares during the period. Finally, Hantz Financial Services Inc. increased its position in First Industrial Realty Trust by 21.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,041 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 362 shares during the period. Institutional investors own 99.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FR shares. Cantor Fitzgerald boosted their price target on First Industrial Realty Trust from $58.00 to $64.00 and gave the stock a "neutral" rating in a research report on Friday, February 6th. iA Financial set a $67.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, January 5th. Robert W. Baird set a $65.00 target price on shares of First Industrial Realty Trust in a research report on Tuesday, February 17th. Royal Bank Of Canada raised their target price on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the company an "outperform" rating in a research note on Monday, February 9th. Finally, Weiss Ratings upgraded shares of First Industrial Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $63.29.

Insider Buying and Selling

In related news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the sale, the executive directly owned 3,770 shares of the company's stock, valued at $220,054.90. This represents a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is currently owned by corporate insiders.

First Industrial Realty Trust Price Performance

Shares of FR traded up $0.51 during midday trading on Friday, reaching $60.69. The stock had a trading volume of 56,218 shares, compared to its average volume of 1,083,248. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $8.04 billion, a P/E ratio of 32.56 and a beta of 1.11. The firm's 50 day moving average price is $59.68 and its 200-day moving average price is $56.45. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $64.01.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.17). First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The firm had revenue of $188.41 million for the quarter, compared to analyst estimates of $186.20 million. During the same period in the previous year, the firm earned $0.71 earnings per share. First Industrial Realty Trust's revenue was up 7.3% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Tuesday, March 31st will be issued 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 Tuesday, March 31st. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.45. First Industrial Realty Trust's payout ratio is presently 95.70%.

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.

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