530,866 Shares of First Industrial Realty Trust, Inc. $FR Bought by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors acquired 530,866 shares of First Industrial Realty Trust worth approximately $31.6 million, representing a 0.40% stake. Institutional investors and hedge funds collectively own 99.85% of the company.
• Analysts have a consensus “Moderate Buy” rating with an average price target of $67.43, compared with the stock’s recent price of $58.72.
• First Industrial reported quarterly revenue of $194.94 million, up 8.2% year over year, but missed EPS estimates. The company declared a quarterly dividend of $0.50, or $2.00 annually, yielding about 3.4%.

Fort Washington Investment Advisors Inc. OH acquired a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 530,866 shares of the real estate investment trust's stock, valued at approximately $31,608,000. Fort Washington Investment Advisors Inc. OH owned 0.40% of First Industrial Realty Trust as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC lifted its holdings in shares of First Industrial Realty Trust by 53.8% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,086 shares of the real estate investment trust's stock worth $480,000 after acquiring an additional 2,827 shares during the period. GAMMA Investing LLC boosted its position in shares of First Industrial Realty Trust by 29.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,868 shares of the real estate investment trust's stock worth $230,000 after acquiring an additional 869 shares in the last quarter. Artemis Investment Management LLP increased its stake in First Industrial Realty Trust by 0.5% in the third quarter. Artemis Investment Management LLP now owns 1,244,218 shares of the real estate investment trust's stock valued at $74,081,000 after acquiring an additional 6,732 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in First Industrial Realty Trust by 94.1% in the third quarter. Elevation Wealth Partners LLC now owns 751 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 364 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in First Industrial Realty Trust in the third quarter valued at approximately $213,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FR has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Wells Fargo & Company upped their target price on First Industrial Realty Trust from $61.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 1st. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $71.00 target price on shares of First Industrial Realty Trust in a report on Monday, July 27th. Barclays raised their target price on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an "equal weight" rating in a report on Thursday, July 16th. Finally, Weiss Ratings lowered First Industrial Realty Trust from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, First Industrial Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.43.

First Industrial Realty Trust Stock Down 0.1%

Shares of NYSE:FR opened at $58.72 on Friday. First Industrial Realty Trust, Inc. has a 52-week low of $53.83 and a 52-week high of $69.88. The company has a market capitalization of $7.78 billion, a PE ratio of 21.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44. The company has a fifty day moving average of $61.44 and a 200-day moving average of $62.34.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. During the same period last year, the business earned $0.76 EPS. The company's revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, equities analysts predict that First Industrial Realty Trust, Inc. will post 3.17 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 19th. Shareholders 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 yield of 3.4%. The ex-dividend date of this dividend is Wednesday, September 30th. First Industrial Realty Trust's dividend payout ratio is presently 72.99%.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc is a self-administered and self-managed real estate investment trust that owns, operates, acquires, develops and manages industrial properties in the United States. The company focuses primarily on warehouse, distribution, logistics and light industrial facilities that serve manufacturers, distributors, retailers and other businesses.

First Industrial's portfolio is concentrated in major logistics and industrial markets, including locations near population centers, transportation infrastructure and key distribution hubs.

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