First Industrial Realty Trust, Inc. $FR Stock Holdings Boosted by Artemis Investment Management LLP

Artemis Investment Management LLP lifted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,154,879 shares of the real estate investment trust's stock after acquiring an additional 92,984 shares during the period. Artemis Investment Management LLP owned 0.87% of First Industrial Realty Trust worth $66,140,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. grew its position in First Industrial Realty Trust by 8.0% in the 3rd quarter. Invesco Ltd. now owns 4,343,723 shares of the real estate investment trust's stock valued at $223,571,000 after buying an additional 323,248 shares in the last quarter. Citadel Advisors LLC grew its position in First Industrial Realty Trust by 70.8% in the 3rd quarter. Citadel Advisors LLC now owns 2,498,172 shares of the real estate investment trust's stock valued at $128,581,000 after buying an additional 1,035,385 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its position in First Industrial Realty Trust by 4.1% in the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,438,012 shares of the real estate investment trust's stock valued at $125,484,000 after buying an additional 95,177 shares in the last quarter. PGGM Investments grew its position in First Industrial Realty Trust by 46.0% in the 3rd quarter. PGGM Investments now owns 2,337,100 shares of the real estate investment trust's stock valued at $120,291,000 after buying an additional 736,477 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in First Industrial Realty Trust by 3.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,134,890 shares of the real estate investment trust's stock valued at $109,883,000 after buying an additional 63,112 shares in the last quarter. Institutional investors own 99.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FR shares. Weiss Ratings raised shares of First Industrial Realty Trust from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday. Cantor Fitzgerald reissued a "neutral" rating and issued a $65.00 price target on shares of First Industrial Realty Trust in a report on Monday. Deutsche Bank Aktiengesellschaft raised shares of First Industrial Realty Trust from a "hold" rating to a "buy" rating and set a $67.00 price target for the company in a report on Monday, January 5th. Robert W. Baird upped their price target on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, iA Financial set a $67.00 price target on shares of First Industrial Realty Trust in a report on Monday, January 5th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, First Industrial Realty Trust has an average rating of "Moderate Buy" and an average price target of $63.57.

First Industrial Realty Trust Stock Performance

Shares of NYSE:FR opened at $62.09 on Friday. First Industrial Realty Trust, Inc. has a twelve month low of $47.36 and a twelve month high of $64.66. The firm has a market cap of $8.23 billion, a PE ratio of 24.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.12 and a current ratio of 1.04. The business has a fifty day moving average of $60.74 and a 200-day moving average of $58.52.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.17). First Industrial Realty Trust had a return on equity of 12.36% and a net margin of 45.98%.The firm had revenue of $188.41 million during the quarter, compared to analyst estimates of $186.20 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. First Industrial Realty Trust's revenue for the quarter was up 7.3% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. On average, equities research analysts predict that First Industrial Realty Trust, Inc. will post 3.15 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Tuesday, June 30th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. First Industrial Realty Trust's payout ratio is presently 77.52%.

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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