Corient Private Wealth LP Boosts Position in First Industrial Realty Trust, Inc. $FR

Key Points

• Corient Private Wealth increased its First Industrial Realty Trust stake by 15% in the second quarter, owning 173,817 shares valued at approximately $10.7 million. Institutional investors collectively own 99.85% of the REIT.
• First Industrial reported quarterly revenue of $194.94 million, up 8.2% year over year, but earnings per share of $0.58 fell short of analysts’ $0.80 consensus estimate. Management issued full-year 2026 EPS guidance of $3.12–$3.20.
• The company declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a 3.3% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $67.43, above the reported $61.36 share price.

Corient Private Wealth LP boosted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 15.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,817 shares of the real estate investment trust's stock after buying an additional 22,642 shares during the quarter. Corient Private Wealth LP owned approximately 0.13% of First Industrial Realty Trust worth $10,657,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FR. BlackRock Inc. bought a new stake in shares of First Industrial Realty Trust during the second quarter valued at approximately $1,021,489,000. Norges Bank purchased a new position in First Industrial Realty Trust during the 4th quarter worth $320,075,000. Centersquare Investment Management LLC raised its position in First Industrial Realty Trust by 10.5% during the 4th quarter. Centersquare Investment Management LLC now owns 2,649,757 shares of the real estate investment trust's stock valued at $151,752,000 after purchasing an additional 252,650 shares in the last quarter. Geode Capital Management LLC raised its position in First Industrial Realty Trust by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,629,908 shares of the real estate investment trust's stock valued at $150,644,000 after purchasing an additional 41,042 shares in the last quarter. Finally, Cohen & Steers Inc. purchased a new stake in shares of First Industrial Realty Trust in the 4th quarter worth $118,365,000. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Performance

Shares of First Industrial Realty Trust stock opened at $61.36 on Thursday. The company has a market capitalization of $8.13 billion, a PE ratio of 22.39 and a beta of 1.03. The company has a 50-day simple moving average of $63.91 and a two-hundred day simple moving average of $62.33. First Industrial Realty Trust, Inc. has a one year low of $50.24 and a one year high of $69.88. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44.

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 firm had revenue of $194.94 million during the quarter, compared to the consensus estimate of $195.81 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. The firm's quarterly revenue 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. Research analysts expect that First Industrial Realty Trust, Inc. will post 3.17 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. First Industrial Realty Trust's dividend payout ratio is presently 72.99%.

Analysts Set New Price Targets

FR has been the subject of several recent research reports. Royal Bank Of Canada lifted their price objective on First Industrial Realty Trust from $68.00 to $75.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. Wells Fargo & Company increased their target price on shares of First Industrial Realty Trust from $61.00 to $66.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 1st. KeyCorp reissued a "sector weight" rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Scotiabank boosted their price target on shares of First Industrial Realty Trust from $63.00 to $66.00 and gave the company a "sector perform" rating in a report on Wednesday, August 12th. Finally, Robert W. Baird increased 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 note on Wednesday, July 29th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $67.43.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc is a real estate investment trust that owns, operates, acquires, develops, redevelops and manages industrial properties across the United States. Its portfolio is primarily composed of warehouse, distribution and light industrial facilities used by manufacturers, distributors, logistics providers and other businesses.

The company serves customers in major industrial and logistics markets, with properties located in regions including the Midwest, Northeast, Southeast, Southwest and West Coast.

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