First Industrial Realty Trust, Inc. $FR Shares Acquired by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. boosted its stake in First Industrial Realty Trust by 8.8% in Q3, buying 127,915 shares to hold 1,586,367 shares (about 1.20% ownership) valued at roughly $81.65 million.
• Analysts have grown more positive: the stock's consensus rating is "Moderate Buy" with a consensus price target of $63.29, and several firms recently raised ratings or targets (e.g., Weiss upgraded to buy, RBC to $66).
• First Industrial missed quarterly EPS ($0.59 vs. $0.76) despite 7.3% revenue growth, but raised its quarterly dividend to $0.50 (annualized $2.00, ~3.3% yield) and set FY2026 guidance of $3.09–$3.19 EPS.

JPMorgan Chase & Co. lifted its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,586,367 shares of the real estate investment trust's stock after purchasing an additional 127,915 shares during the period. JPMorgan Chase & Co. owned approximately 1.20% of First Industrial Realty Trust worth $81,650,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FR. CIBC Bancorp USA Inc. acquired a new position in First Industrial Realty Trust during the third quarter worth about $1,791,000. Danske Bank A S acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter valued at approximately $51,000. Advisory Services Network LLC acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter valued at approximately $97,000. DigitalBridge Group Inc. purchased a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $1,148,000. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $79,000. Hedge funds and other institutional investors own 99.85% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings raised First Industrial Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 13th. Robert W. Baird set a $65.00 target price on First Industrial Realty Trust in a research report on Tuesday, February 17th. Royal Bank Of Canada upped their target price on First Industrial Realty Trust from $64.00 to $66.00 and gave the company an "outperform" rating in a report on Monday, February 9th. UBS Group set a $62.00 price target on First Industrial Realty Trust in a research report on Thursday, December 4th. Finally, Citigroup lifted their price target on First Industrial Realty Trust from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 10th. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, First Industrial Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $63.29.

First Industrial Realty Trust Trading Down 1.4%

Shares of FR opened at $60.02 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.12 and a quick ratio of 1.12. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $64.01. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 32.27 and a beta of 1.11. The firm has a 50 day simple moving average of $59.88 and a 200-day simple moving average of $56.72.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.17). The company had revenue of $188.41 million during the quarter, compared to analysts' expectations of $186.20 million. First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. First Industrial Realty Trust's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Equities analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Tuesday, March 31st will be given a $0.50 dividend. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, March 31st. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 95.70%.

First Industrial Realty Trust 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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