Russell Investments Group Ltd. Divests 40318 Shares of First Industrial Realty Trust,

☀️Trending News

First Industrial Realty ($NYSE:FR) Trust, Inc. (FR) has recently had 40318 of its shares sold by Russell Investments Group Ltd. FR is a real estate investment trust that focuses on the acquisition, development, ownership and management of industrial real estate in the United States and Puerto Rico. FR’s mission is to create long-term value for its investors by providing a steady stream of cash flow, leveraging its portfolio to acquire new properties, and creating a robust and diversified portfolio of industrial properties across the United States. FR is committed to providing high-quality and sustainable industrial properties and services to tenants and investors alike.

Market Price

Following the news, FIRST stock opened at $45.6 and closed at the same price, down by 0.2% from the previous closing price of $45.7. Despite the decline, FIRST Industrial Realty Trust, Inc. remains one of the top REITs in the United States, with an impressive portfolio of industrial and warehouse properties. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for FR. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for FR. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for FR. More…

Key Ratios Snapshot

Some of the financial key ratios for FR are shown below. More…

Analysis

At GoodWhale, we have conducted an in-depth analysis of FIRST INDUSTRIAL REALTY TRUST’s financials, using our proprietary Star Chart system. Our findings indicate that FIRST INDUSTRIAL REALTY TRUST is classified as a ‘cow’, a type of company with a track record of paying out consistent and sustainable dividends. This makes FIRST INDUSTRIAL REALTY TRUST an attractive investment option for investors looking for reliable income streams. In addition to its attractive dividends, FIRST INDUSTRIAL REALTY TRUST is strong in terms of asset, dividend, growth, and profitability. On top of that, the company has a high health score of 8/10 with regard to its cashflows and debt. This means that FIRST INDUSTRIAL REALTY TRUST is capable of safely riding out any crisis without the risk of bankruptcy. All in all, FIRST INDUSTRIAL REALTY TRUST is an ideal choice for investors interested in stable returns. More…

Peers

First Industrial‘s competitors include LXP Industrial Trust, Prologis Inc, and Stag Industrial Inc.

– LXP Industrial Trust ($NYSE:LXP)

LXP Industrial Trust is a real estate investment trust that owns, operates, and leases a portfolio of approximately 50 industrial properties in the United States. The company’s properties are located in major markets across the country, including Los Angeles, Chicago, Dallas, Houston, and Atlanta. LXP Industrial Trust is publicly traded on the New York Stock Exchange under the ticker symbol “LXP.”

– Prologis Inc ($NYSE:PLD)

Prologis Inc is a real estate investment trust (REIT) that owns, operates, and develops warehouses and distribution centers. As of December 31, 2020, the company owned or had investments in 3,813 properties in 19 countries.

The company’s market capitalization is $94.6 billion as of 2022. Prologis Inc is one of the largest REITs in the world and is the largest owner, operator, and developer of warehouses and distribution centers.

– Stag Industrial Inc ($NYSE:STAG)

Stag Industrial Inc is a publicly traded real estate investment trust focused on the acquisition, ownership, and operation of single-tenant industrial properties across the United States. The company’s portfolio includes over 170 properties in 33 states, totaling over 26 million square feet of leasable space.

Summary

This large sale of shares could indicate a shift in market sentiment towards the company. Analysts will likely keep a close eye on the stock in the near future to see if this is an isolated event or if other investors will follow suit. The company’s industrial real estate portfolio may also come under greater scrutiny as investors look to assess the potential for further losses or gains in the next quarter.

It will be important to monitor the company’s cash flow and operating performance to gauge its financial health going forward. Ultimately, investors should take inventory of the company’s fundamentals and weigh all data points before making a decision on whether to invest in First Industrial Realty Trust, Inc.