Waverly Advisors LLC purchased a new stake in First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,500 shares of the real estate investment trust’s stock, valued at approximately $781,000.
A number of other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in First Industrial Realty Trust by 41.1% during the first quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock valued at $45,301,000 after purchasing an additional 244,562 shares during the period. First Trust Advisors LP raised its holdings in First Industrial Realty Trust by 141.1% in the second quarter. First Trust Advisors LP now owns 86,866 shares of the real estate investment trust’s stock worth $4,181,000 after purchasing an additional 50,839 shares during the period. Baird Financial Group Inc. raised its holdings in First Industrial Realty Trust by 4.4% in the second quarter. Baird Financial Group Inc. now owns 55,781 shares of the real estate investment trust’s stock worth $2,685,000 after purchasing an additional 2,356 shares during the period. Cresset Asset Management LLC bought a new position in shares of First Industrial Realty Trust during the second quarter worth $275,000. Finally, Cerity Partners LLC boosted its position in shares of First Industrial Realty Trust by 463.4% during the second quarter. Cerity Partners LLC now owns 63,013 shares of the real estate investment trust’s stock worth $3,033,000 after purchasing an additional 51,828 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have recently issued reports on FR. KeyCorp reissued a “sector weight” rating on shares of First Industrial Realty Trust in a report on Wednesday, June 10th. Robert W. Baird raised their price objective on First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays lifted their target price on First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Cantor Fitzgerald reissued a “neutral” rating and issued a $71.00 target price on shares of First Industrial Realty Trust in a research note on Monday, July 27th. Finally, Citigroup increased their price target on First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday. One 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.21.
First Industrial Realty Trust Stock Up 0.0%
First Industrial Realty Trust stock opened at $65.99 on Friday. The company has a 50 day moving average of $63.83 and a 200-day moving average of $61.57. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. First Industrial Realty Trust, Inc. has a twelve month low of $47.38 and a twelve month high of $69.88. The stock has a market capitalization of $8.75 billion, a PE ratio of 24.08 and a beta of 1.05.
First Industrial Realty Trust (NYSE:FR – Get Free Report) last issued 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). The company had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current fiscal year.
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.
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