OVERSEA CHINESE BANKING Corp Ltd Has $4.34 Million Stake in First Industrial Realty Trust, Inc. $FR

OVERSEA CHINESE BANKING Corp Ltd trimmed its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 34.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 75,854 shares of the real estate investment trust’s stock after selling 39,529 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in First Industrial Realty Trust were worth $4,344,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter valued at about $26,000. Mather Group LLC. acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter valued at about $39,000. SJS Investment Consulting Inc. acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter valued at about $47,000. Danske Bank A S acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter valued at about $51,000. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter valued at about $79,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FR. Truist Financial lifted their price target on First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Barclays restated a “positive” rating and issued a $64.00 target price on shares of First Industrial Realty Trust in a report on Tuesday, January 13th. Weiss Ratings upgraded First Industrial Realty Trust from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Cantor Fitzgerald boosted their target price on First Industrial Realty Trust from $58.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Robert W. Baird set a $65.00 target price on First Industrial Realty Trust in a report on Tuesday, February 17th. Eight 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 has a consensus rating of “Moderate Buy” and an average target price of $63.29.

First Industrial Realty Trust Stock Down 1.7%

FR opened at $63.28 on Wednesday. The business has a 50 day moving average price of $60.36 and a 200 day moving average price of $58.09. First Industrial Realty Trust, Inc. has a twelve month low of $45.97 and a twelve month high of $64.66. 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 firm has a market cap of $8.39 billion, a P/E ratio of 34.02 and a beta of 1.11.

First Industrial Realty Trust (NYSE:FR) last posted its 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 company had revenue of $188.41 million during the quarter, compared to analyst estimates of $186.20 million. During the same quarter last year, the firm posted $0.71 earnings per share. The firm’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. Research analysts forecast that First Industrial Realty Trust, Inc. will post 3.17 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, March 31st. First Industrial Realty Trust’s dividend payout ratio is presently 107.53%.

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.