First Industrial Realty Trust, Inc. $FR Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group increased its stake in First Industrial Realty Trust by 4.9% to 959,917 shares (about 0.72% of the company), valued at roughly $54.97 million; institutional investors own 99.85% of the stock.
• First Industrial raised its quarterly dividend to $0.50 ($2.00 annualized, a 3.3% yield) with an ex-dividend/record date of March 31 and a payout ratio of 107.53%, indicating the dividend exceeds current earnings.
• The company reported Q4 EPS of $0.59 (missed consensus $0.76) with revenue of $188.4M, set FY2026 guidance of 3.090–3.190 EPS, and carries a consensus analyst rating of Moderate Buy with a $63.29 price target.

Sumitomo Mitsui Trust Group Inc. increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 959,917 shares of the real estate investment trust's stock after purchasing an additional 44,678 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.72% of First Industrial Realty Trust worth $54,974,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Jackson Thornton Wealth Management LLC acquired a new stake in First Industrial Realty Trust in the fourth quarter worth about $247,000. Oak Thistle LLC lifted its holdings in First Industrial Realty Trust by 67.8% in the 4th quarter. Oak Thistle LLC now owns 44,013 shares of the real estate investment trust's stock valued at $2,521,000 after acquiring an additional 17,779 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its holdings in First Industrial Realty Trust by 3.1% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,395 shares of the real estate investment trust's stock valued at $481,000 after acquiring an additional 253 shares during the last quarter. Bank of Stockton lifted its holdings in First Industrial Realty Trust by 17.3% in the 4th quarter. Bank of Stockton now owns 21,568 shares of the real estate investment trust's stock valued at $1,235,000 after acquiring an additional 3,186 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its holdings in First Industrial Realty Trust by 5.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 23,186 shares of the real estate investment trust's stock valued at $1,328,000 after acquiring an additional 1,156 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Price Performance

NYSE FR opened at $61.31 on Thursday. The stock's 50-day moving average price is $60.08 and its two-hundred day moving average price is $57.72. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.13 billion, a PE ratio of 32.96 and a beta of 1.11. First Industrial Realty Trust, Inc. has a 1 year low of $44.58 and a 1 year high of $64.01.

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

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, March 31st. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.45. First Industrial Realty Trust's dividend payout ratio is presently 107.53%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FR. Royal Bank Of Canada upped their price target on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the company an "outperform" rating in a report on Monday, February 9th. Wall Street Zen raised shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, April 11th. iA Financial set a $67.00 price target on shares of First Industrial Realty Trust in a report on Monday, January 5th. Weiss Ratings raised shares of First Industrial Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 13th. Finally, Cantor Fitzgerald upped their price target on shares of First Industrial Realty Trust from $58.00 to $64.00 and gave the company a "neutral" rating in a report on Friday, February 6th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $63.29.

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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