First Industrial Realty Trust, Inc. $FR Shares Bought by Oak Thistle LLC

Key Points

• Oak Thistle LLC boosted its stake in First Industrial Realty Trust by 67.8% to 44,013 shares (worth $2.52M), while several large institutions — including AQR, Citadel and Rush Island — also materially increased or initiated positions, leaving institutional ownership at 99.85%.
• First Industrial reported Q4 EPS of $0.59, missing estimates of $0.76, with revenue of $188.4M (+7.3% y/y); management set FY2026 guidance of 3.090–3.190 EPS versus analyst consensus of ~2.89.
• The company raised its quarterly dividend to $0.50 (annualized $2.00, yield 3.4%) from $0.45, but the payout ratio is high at 107.53%; the stock trades at a market cap of $7.83B and a P/E of 31.74.

Oak Thistle LLC raised its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 67.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,013 shares of the real estate investment trust's stock after buying an additional 17,779 shares during the period. Oak Thistle LLC's holdings in First Industrial Realty Trust were worth $2,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rush Island Management LP purchased a new position in shares of First Industrial Realty Trust during the second quarter worth about $79,904,000. AQR Capital Management LLC grew its holdings in shares of First Industrial Realty Trust by 491.9% during the second quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust's stock worth $89,291,000 after buying an additional 1,541,778 shares during the last quarter. Duff & Phelps Investment Management Co. purchased a new position in shares of First Industrial Realty Trust during the third quarter worth about $74,584,000. Citadel Advisors LLC grew its holdings in shares of First Industrial Realty Trust by 70.8% during the third quarter. Citadel Advisors LLC now owns 2,498,172 shares of the real estate investment trust's stock worth $128,581,000 after buying an additional 1,035,385 shares during the last quarter. Finally, Engineers Gate Manager LP grew its holdings in shares of First Industrial Realty Trust by 1,339.7% during the second quarter. Engineers Gate Manager LP now owns 1,081,925 shares of the real estate investment trust's stock worth $52,073,000 after buying an additional 1,006,778 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Price Performance

FR stock opened at $59.04 on Wednesday. The firm has a 50 day moving average of $59.74 and a 200-day moving average of $57.37. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $64.01. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 31.74 and a beta of 1.11.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly 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). First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. The company had revenue of $188.41 million for the quarter, compared to analyst estimates of $186.20 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. First Industrial Realty Trust's revenue was up 7.3% on a year-over-year basis. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. As a group, equities analysts expect 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. Investors of record on Tuesday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.45. First Industrial Realty Trust's payout ratio is presently 107.53%.

Analyst Ratings Changes

FR has been the topic of a number of research reports. Wall Street Zen lowered First Industrial Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, March 21st. Weiss Ratings raised First Industrial Realty Trust from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 13th. Cantor Fitzgerald raised their price target on First Industrial Realty Trust from $58.00 to $64.00 and gave the stock a "neutral" rating in a report on Friday, February 6th. Robert W. Baird set a $65.00 price target on First Industrial Realty Trust in a report on Tuesday, February 17th. Finally, Citigroup lifted their price objective on First Industrial Realty Trust from $60.00 to $63.00 and gave the company a "neutral" rating in a report on Tuesday, February 10th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, First Industrial Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $63.29.

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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