APG Asset Management US Inc. Acquires Shares of 132,600 First Industrial Realty Trust, Inc. $FR

APG Asset Management US Inc. bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the third quarter, according to its most recent filing with the SEC. The fund bought 132,600 shares of the real estate investment trust’s stock, valued at approximately $6,904,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FR. Mather Group LLC. bought a new position in First Industrial Realty Trust during the third quarter valued at about $39,000. Elevation Point Wealth Partners LLC purchased a new position in First Industrial Realty Trust in the second quarter valued at about $40,000. SJS Investment Consulting Inc. purchased a new position in First Industrial Realty Trust in the third quarter valued at about $47,000. True Wealth Design LLC grew its position in shares of First Industrial Realty Trust by 988.7% during the 2nd quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 1,137 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in shares of First Industrial Realty Trust by 4,697.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 1,644 shares during the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FR has been the topic of several research analyst reports. Cantor Fitzgerald upped their price objective on First Industrial Realty Trust from $58.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Royal Bank Of Canada upped their price target on First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. UBS Group set a $62.00 price target on First Industrial Realty Trust in a research note on Thursday, December 4th. Weiss Ratings upgraded First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Finally, iA Financial set a $67.00 target price on shares of First Industrial Realty Trust in a research report on Monday, January 5th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, First Industrial Realty Trust has an average rating of “Moderate Buy” and an average target price of $63.21.

Insider Buying and Selling at First Industrial Realty Trust

In related news, CIO Johannson L. Yap sold 680 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total value of $39,691.60. Following the transaction, the executive directly owned 3,770 shares in the company, valued at approximately $220,054.90. This represents a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.06% of the company’s stock.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $63.14 on Friday. The company’s 50 day simple moving average is $59.05 and its two-hundred day simple moving average is $55.76. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $64.01. The stock has a market capitalization of $8.37 billion, a PE ratio of 33.95 and a beta of 1.14.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results 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). First Industrial Realty Trust had a return on equity of 9.02% and a net margin of 34.03%.The firm had revenue of $188.41 million during the quarter, compared to the consensus estimate of $186.20 million. During the same period in the previous year, the company posted $0.71 EPS. The company’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. Analysts predict 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 firm 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 dividend of $0.50 per share. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio is 95.70%.

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.