Tudor Investment Corp ET AL Decreases Stock Position in First Industrial Realty Trust, Inc. $FR

Key Points

• Tudor Investment Corp cut its stake in First Industrial Realty Trust by 70% in Q3, leaving it with 63,771 shares valued at about $3.28 million.
• First Industrial raised its quarterly dividend to $0.50 (annualized $2.00, ~3.3% yield), though the payout ratio is elevated at about 107.5%.
• The REIT missed Q earnings (EPS $0.59 vs. $0.76 expected) while revenue rose 7.3%, but management set FY2026 guidance of 3.09–3.19 EPS, above analysts' consensus of 2.89.

Tudor Investment Corp ET AL lowered its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 70.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,771 shares of the real estate investment trust's stock after selling 148,913 shares during the period. Tudor Investment Corp ET AL's holdings in First Industrial Realty Trust were worth $3,282,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Hudson Bay Capital Management LP bought a new stake in shares of First Industrial Realty Trust in the third quarter worth about $20,172,000. Swiss Life Asset Management Ltd bought a new stake in shares of First Industrial Realty Trust in the third quarter worth about $311,000. JPMorgan Chase & Co. grew its stake in shares of First Industrial Realty Trust by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 1,586,367 shares of the real estate investment trust's stock worth $81,650,000 after purchasing an additional 127,915 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of First Industrial Realty Trust in the third quarter worth about $1,791,000. Finally, Danske Bank A S bought a new stake in shares of First Industrial Realty Trust in the third quarter worth about $51,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock opened at $60.74 on Friday. The stock's 50 day simple moving average is $59.91 and its two-hundred day simple moving average is $57.47. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 32.65 and a beta of 1.11. First Industrial Realty Trust, Inc. has a fifty-two week low of $43.93 and a fifty-two week 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 for the quarter, missing the consensus estimate of $0.76 by ($0.17). The firm had revenue of $188.41 million for the quarter, compared to the consensus estimate of $186.20 million. First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. The business's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, analysts expect 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 business also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Tuesday, March 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. 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 107.53%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FR. Citigroup raised their target price on First Industrial Realty Trust from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 10th. iA Financial set a $67.00 target price on First Industrial Realty Trust in a research note on Monday, January 5th. Weiss Ratings raised First Industrial Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 13th. Scotiabank raised their target price on First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a "sector perform" rating in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada raised their target price on First Industrial Realty Trust from $64.00 to $66.00 and gave the stock an "outperform" rating in a research note on Monday, February 9th. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, First Industrial Realty Trust presently has an average rating of "Moderate Buy" and a consensus target price of $63.29.

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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