Arrowstreet Capital Limited Partnership Purchases Shares of 18,165 First Industrial Realty Trust, Inc. $FR

Key Points

• Arrowstreet Capital purchased 18,165 shares of First Industrial Realty Trust in the first quarter, valued at approximately $1.05 million. Institutional investors and hedge funds collectively own 99.85% of the company’s stock.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $66.86; RBC recently raised its target to $75 and assigned an “outperform” rating.
• First Industrial reported quarterly earnings of $0.58 per share, missing the $0.80 consensus estimate, while revenue rose 8.2% year over year to $194.94 million. Management provided fiscal 2026 EPS guidance of $3.12 to $3.20.

Arrowstreet Capital Limited Partnership purchased a new stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,165 shares of the real estate investment trust's stock, valued at approximately $1,051,000.

Several other institutional investors and hedge funds also recently modified their holdings of FR. Measured Wealth Private Client Group LLC bought a new position in First Industrial Realty Trust in the third quarter valued at $26,000. Parallel Advisors LLC grew its holdings in shares of First Industrial Realty Trust by 86.9% in the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 291 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of First Industrial Realty Trust by 64.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 301 shares during the last quarter. Danske Bank A S acquired a new stake in shares of First Industrial Realty Trust in the third quarter valued at about $51,000. Finally, Parkside Financial Bank & Trust raised its holdings in First Industrial Realty Trust by 27.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust's stock worth $70,000 after acquiring an additional 262 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FR has been the subject of a number of analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of First Industrial Realty Trust in a research note on Friday, July 24th. Wall Street Zen upgraded First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, April 11th. Raymond James Financial reissued a "strong-buy" rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. Royal Bank Of Canada raised their target price on shares of First Industrial Realty Trust from $68.00 to $75.00 and gave the company an "outperform" rating in a research note on Monday. Finally, KeyCorp restated a "sector weight" rating on shares of First Industrial Realty Trust in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $66.86.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock opened at $63.31 on Friday. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 23.10 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 12 month low of $47.38 and a 12 month high of $69.88. The stock's 50 day moving average is $63.92 and its 200-day moving average is $61.73.

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 the consensus estimate of $0.80 by ($0.22). First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The firm had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. During the same period in the previous year, the business posted $0.76 earnings per share. The business'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. Equities research analysts expect that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current year.

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.

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