Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Position in First Industrial Realty Trust, Inc. $FR

Key Points

• Mitsubishi UFJ Asset Management purchased 113,573 shares of First Industrial Realty Trust, worth approximately $6.96 million, while institutional investors and hedge funds collectively own 99.85% of the company.
• First Industrial Realty Trust reported quarterly revenue of $194.94 million, up 8.2% year over year, but earnings per share of $0.58 missed analysts’ $0.80 estimate. The company guided to fiscal 2026 EPS of $3.12–$3.20.
• The REIT declared a quarterly dividend of $0.50, representing a $2.00 annualized payout and a 3.2% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $67.07, compared with a recent share price of $62.94.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 113,573 shares of the real estate investment trust's stock, valued at approximately $6,963,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of First Industrial Realty Trust at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Persistent Asset Partners Ltd purchased a new stake in shares of First Industrial Realty Trust in the second quarter valued at approximately $70,000. OneDigital Investment Advisors LLC acquired a new stake in First Industrial Realty Trust in the 2nd quarter valued at $913,000. Global Retirement Partners LLC acquired a new stake in First Industrial Realty Trust in the 2nd quarter valued at $186,000. Alberta Investment Management Corp purchased a new stake in First Industrial Realty Trust in the 2nd quarter worth $24,113,000. Finally, Fielder Capital Group LLC acquired a new position in First Industrial Realty Trust during the second quarter worth $299,000. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

FR opened at $62.94 on Friday. First Industrial Realty Trust, Inc. has a twelve month low of $49.58 and a twelve month high of $69.88. The firm has a market capitalization of $8.34 billion, a PE ratio of 22.97 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. The firm's 50-day moving average price is $64.23 and its 200 day moving average price is $62.09.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.22). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. During the same quarter in the previous year, the company posted $0.76 EPS. The firm's revenue was up 8.2% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. As a group, sell-side analysts expect that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Investors of record on Wednesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 72.99%.

Wall Street Analysts Forecast Growth

FR has been the topic of several recent analyst reports. Barclays increased their price objective on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the company an "equal weight" rating in a report on Thursday, July 16th. Citigroup upped their price target on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 28th. KeyCorp reaffirmed a "sector weight" rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. Royal Bank Of Canada lifted their price objective on 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, Weiss Ratings reiterated a "buy (b)" rating on shares of First Industrial Realty Trust in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, First Industrial Realty Trust currently has a consensus rating of "Moderate Buy" and an average target price of $67.07.

First Industrial Realty Trust 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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