301,248 Shares in First Industrial Realty Trust, Inc. $FR Bought by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 301,248 shares of First Industrial Realty Trust, valued at approximately $18.47 million, giving it a 0.23% stake. Institutional investors collectively own 99.85% of the REIT.
• First Industrial reported quarterly EPS of $0.58, missing the $0.80 consensus estimate, while revenue rose 8.2% year over year to $194.94 million. The company maintained 2026 EPS guidance of $3.12–$3.20.
• The REIT declared a quarterly dividend of $0.50, equivalent to $2.00 annually and a 3.2% yield. Analysts have a “Moderate Buy” consensus rating and an average price target of $67.07, compared with a recent share price of $61.93.

Public Employees Retirement System of Ohio bought a new position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 301,248 shares of the real estate investment trust's stock, valued at approximately $18,470,000. Public Employees Retirement System of Ohio owned 0.23% of First Industrial Realty Trust at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its stake in shares of First Industrial Realty Trust by 2.0% in the first quarter. Sequoia Financial Advisors LLC now owns 8,184 shares of the real estate investment trust's stock worth $473,000 after purchasing an additional 163 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in First Industrial Realty Trust by 4.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust's stock valued at $258,000 after purchasing an additional 183 shares during the period. Quadrant Capital Group LLC grew its holdings in First Industrial Realty Trust by 2.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust's stock valued at $554,000 after buying an additional 211 shares during the last quarter. Fifth Third Bancorp grew its holdings in First Industrial Realty Trust by 16.0% in the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust's stock valued at $101,000 after buying an additional 242 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in First Industrial Realty Trust by 1.8% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 14,870 shares of the real estate investment trust's stock worth $852,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $61.93 on Friday. The stock has a market capitalization of $8.21 billion, a P/E ratio of 22.60 and a beta of 1.04. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.89. First Industrial Realty Trust, Inc. has a 1 year low of $50.24 and a 1 year high of $69.88. The firm has a 50 day moving average of $64.31 and a 200-day moving average of $62.23.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.22). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. During the same period in the prior year, the business earned $0.76 earnings per share. The company's revenue for the quarter was up 8.2% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. As a group, sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 3.17 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Investors of record on Wednesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th. First Industrial Realty Trust's payout ratio is currently 72.99%.

Wall Street Analyst Weigh In

FR has been the topic of a number of recent research reports. KeyCorp reissued a "sector weight" rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Cantor Fitzgerald reissued a "neutral" rating and set a $71.00 price objective on shares of First Industrial Realty Trust in a report on Monday, July 27th. Barclays boosted their price objective on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an "equal weight" rating in a research report on Thursday, July 16th. Wells Fargo & Company cut their target price on First Industrial Realty Trust from $63.00 to $61.00 and set an "equal weight" rating for the company in a research note on Monday, June 1st. Finally, Truist Financial lifted their target price on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the company a "buy" rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, First Industrial Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $67.07.

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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