First Industrial Realty Trust, Inc. $FR Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its First Industrial Realty Trust stake by 21.5%, buying 32,000 additional shares to own 180,619 shares valued at approximately $10.8 million. Institutional investors collectively own 99.85% of the company.
• Analysts maintain a generally positive view, with seven Buy and seven Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $69, above the reported $54.48 share price.
• Third-quarter revenue rose 8.6% year over year to $197.1 million and slightly exceeded estimates, but EPS of $0.44 fell well short of the $0.82 consensus. The company continues to pay a $0.50 quarterly dividend, equivalent to a 3.7% yield.

Robeco Institutional Asset Management B.V. lifted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 21.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 180,619 shares of the real estate investment trust's stock after purchasing an additional 32,000 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.14% of First Industrial Realty Trust worth $10,754,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of First Industrial Realty Trust in the 2nd quarter valued at about $1,021,489,000. Deutsche Bank AG purchased a new position in First Industrial Realty Trust during the 2nd quarter worth approximately $79,730,000. Bank of New York Mellon Corp purchased a new position in First Industrial Realty Trust during the 2nd quarter worth approximately $64,042,000. Bank of America Corp DE acquired a new position in First Industrial Realty Trust during the second quarter worth approximately $52,588,000. Finally, The Manufacturers Life Insurance Company acquired a new position in First Industrial Realty Trust during the second quarter worth approximately $50,505,000. 99.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FR has been the subject of a number of research reports. Scotiabank boosted their price objective on First Industrial Realty Trust from $63.00 to $66.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 12th. Royal Bank Of Canada raised their target price on shares of First Industrial Realty Trust from $68.00 to $75.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. Truist Financial raised their target price on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Wells Fargo & Company lifted their target price on shares of First Industrial Realty Trust from $61.00 to $66.00 and gave the company an "equal weight" rating in a report on Tuesday, September 1st. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $71.00 price target on shares of First Industrial Realty Trust in a research report on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, First Industrial Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.00.

First Industrial Realty Trust Price Performance

Shares of FR opened at $54.48 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.44 and a current ratio of 1.06. First Industrial Realty Trust, Inc. has a fifty-two week low of $54.20 and a fifty-two week high of $69.88. The firm has a 50-day simple moving average of $60.76 and a 200-day simple moving average of $62.29. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 20.25 and a beta of 1.03.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.38). The company had revenue of $197.12 million during the quarter, compared to analyst estimates of $196.41 million. First Industrial Realty Trust had a net margin of 46.12% and a return on equity of 12.60%. The business's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. On average, equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Wednesday, September 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is 74.35%.

Key Headlines Impacting First Industrial Realty Trust

Here are the key news stories impacting First Industrial Realty Trust this week:

• Positive Sentiment: Management raised or reaffirmed a constructive FY 2026 outlook, providing EPS guidance of $3.15–$3.19 versus the $3.17 analyst consensus. The update suggests expected earnings remain broadly on track despite the quarterly shortfall. First Industrial Realty Trust Raises Earnings Guidance
• Positive Sentiment: Third-quarter revenue increased 8.6% year over year to approximately $197.1 million, slightly exceeding expectations. FFO was $0.81 per share, up from $0.76 a year earlier, indicating continued underlying growth. First Industrial Realty Trust Q3 FFO Miss Estimates
• Neutral Sentiment: Raymond James moved its rating to “Outperform.” Although the change represents a downgrade from its prior view, the firm remains bullish on FR’s shares. Raymond James Rating Update
• Negative Sentiment: FFO of $0.81 per share narrowly missed the $0.82 consensus estimate, while reported EPS of $0.44 was well below the $0.82 forecast. The earnings miss is weighing on sentiment despite the revenue beat. First Industrial Realty Trust Third-Quarter Results
• Negative Sentiment: Investors remain concerned about the pace and visibility of future development activity, raising questions about the company’s growth pipeline. Those concerns appear to be offsetting the benefits of the higher full-year guidance. First Industrial Realty Trust Stock Price Falls as Q3 Results Raise Pipeline Questions

First Industrial Realty Trust Profile

First Industrial Realty Trust, Inc NYSE: FR is a real estate investment trust focused on the ownership, management, acquisition, development and redevelopment of industrial properties in the United States. Its portfolio primarily serves businesses that require space for distribution, warehousing, manufacturing, light industrial operations and other logistics-related activities.

The company leases its properties to a diverse group of tenants, including retailers, manufacturers, logistics providers and third-party distribution companies.

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