First National Bank of Omaha Makes New Investment in First Industrial Realty Trust, Inc. $FR

First National Bank of Omaha purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,652 shares of the real estate investment trust's stock, valued at approximately $2,738,000.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of First Industrial Realty Trust during the 2nd quarter valued at approximately $1,021,489,000. Northwestern Mutual Wealth Management Co. increased its stake in First Industrial Realty Trust by 856,065.6% during 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 buying an additional 9,784,830 shares in the last quarter. Norges Bank acquired a new position in shares of First Industrial Realty Trust during the fourth quarter valued at approximately $320,075,000. Cohen & Steers Inc. acquired a new position in shares of First Industrial Realty Trust during the fourth quarter valued at approximately $118,365,000. Finally, Rush Island Management LP purchased a new position in shares of First Industrial Realty Trust in the second quarter valued at approximately $79,904,000. Hedge funds and other institutional investors own 99.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. KeyCorp reiterated a "sector weight" rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Wells Fargo & Company decreased their price objective on First Industrial Realty Trust from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Monday, June 1st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $71.00 target price on shares of First Industrial Realty Trust in a research note on Monday, July 27th. Royal Bank Of Canada upped 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 report on Monday, August 3rd. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. One equities research 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $67.07.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $62.47 on Wednesday. The company's 50-day moving average is $64.23 and its two-hundred day moving average is $62.02. First Industrial Realty Trust, Inc. has a 1-year low of $48.74 and a 1-year high of $69.88. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 22.80 and a beta of 1.04.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.22). The firm had revenue of $194.94 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. 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. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. 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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