California Public Employees Retirement System Increases Position in First Industrial Realty Trust, Inc. $FR

California Public Employees Retirement System boosted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 244,796 shares of the real estate investment trust’s stock after purchasing an additional 8,828 shares during the period. California Public Employees Retirement System owned about 0.18% of First Industrial Realty Trust worth $14,161,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Kera Capital Partners Inc. increased its position in shares of First Industrial Realty Trust by 4.3% in the 1st quarter. Kera Capital Partners Inc. now owns 12,561 shares of the real estate investment trust’s stock worth $727,000 after purchasing an additional 514 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in First Industrial Realty Trust by 6.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 24,406 shares of the real estate investment trust’s stock worth $1,431,000 after purchasing an additional 1,427 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in First Industrial Realty Trust by 10.5% during the first quarter. Sanctuary Advisors LLC now owns 12,002 shares of the real estate investment trust’s stock worth $694,000 after purchasing an additional 1,137 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in First Industrial Realty Trust by 61.7% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,776 shares of the real estate investment trust’s stock worth $508,000 after purchasing an additional 3,348 shares during the period. Finally, State of Michigan Retirement System increased its stake in First Industrial Realty Trust by 1.9% during the first quarter. State of Michigan Retirement System now owns 31,868 shares of the real estate investment trust’s stock valued at $1,844,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FR. Cantor Fitzgerald reissued a “neutral” rating and set a $65.00 target price on shares of First Industrial Realty Trust in a report on Monday, April 27th. Robert W. Baird boosted their price objective on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Barclays increased their price objective on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Truist Financial raised their target price on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Wells Fargo & Company reduced their price objective on First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.29.

First Industrial Realty Trust Price Performance

FR opened at $66.98 on Friday. The stock has a fifty day moving average of $63.46 and a 200-day moving average of $61.31. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $8.88 billion, a P/E ratio of 24.44 and a beta of 1.05. First Industrial Realty Trust, Inc. has a 12-month low of $47.38 and a 12-month high of $69.88.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results 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). The firm had revenue of $194.94 million during the quarter, compared to analysts’ expectations of $195.81 million. First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Equities analysts forecast 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 announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Tuesday, June 30th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, June 30th. First Industrial Realty Trust’s payout ratio is 77.52%.

First Industrial Realty Trust Company 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.