Horizon Investments LLC Acquires New Stake in First Industrial Realty Trust, Inc. $FR

Key Points

• Horizon Investments LLC bought a new stake of 68,279 shares in First Industrial Realty Trust (NYSE:FR) in Q4, valued at about $3.91 million and representing roughly 0.05% ownership.
• First Industrial reported Q EPS of $0.59, missing the $0.76 consensus while revenue rose 7.3% to $188.41 million, and issued FY2026 guidance of 3.090–3.190 EPS (analysts forecast ~3.15).
• The company declared a quarterly dividend of $0.50 (annualized $2.00) with a 3.2% yield; the ex-dividend date is June 30 and the payment date is July 20.

Horizon Investments LLC acquired a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 68,279 shares of the real estate investment trust's stock, valued at approximately $3,910,000. Horizon Investments LLC owned approximately 0.05% of First Industrial Realty Trust at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FR. Measured Wealth Private Client Group LLC acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth about $26,000. Mather Group LLC. purchased a new position in shares of First Industrial Realty Trust during the third quarter valued at approximately $39,000. SJS Investment Consulting Inc. acquired a new stake in First Industrial Realty Trust during the third quarter worth approximately $47,000. Danske Bank A S acquired a new stake in First Industrial Realty Trust during the third quarter worth approximately $51,000. Finally, Fulcrum Asset Management LLP purchased a new stake in First Industrial Realty Trust in the 3rd quarter worth approximately $79,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Down 0.1%

Shares of NYSE:FR opened at $62.09 on Monday. The stock has a 50-day simple moving average of $60.74 and a 200-day simple moving average of $58.62. The stock has a market capitalization of $8.23 billion, a P/E ratio of 24.06 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 1 year low of $47.36 and a 1 year high of $64.66. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.04.

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 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.17). First Industrial Realty Trust had a net margin of 45.98% and a return on equity of 12.36%. The business had revenue of $188.41 million during the quarter, compared to analysts' expectations of $186.20 million. During the same quarter in the previous year, the business posted $0.71 EPS. The company's quarterly 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. Equities analysts forecast that First Industrial Realty Trust, Inc. will post 3.15 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. First Industrial Realty Trust's payout ratio is presently 77.52%.

Analyst Ratings Changes

FR has been the topic of a number of recent analyst reports. Scotiabank increased their price target on First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a "sector perform" rating in a research note on Monday, March 2nd. iA Financial set a $67.00 target price on First Industrial Realty Trust in a research note on Monday, January 5th. Truist Financial increased their target price on First Industrial Realty Trust from $65.00 to $66.00 and gave the stock a "buy" rating in a research report on Tuesday, February 17th. Cantor Fitzgerald restated a "neutral" rating and issued a $65.00 price target on shares of First Industrial Realty Trust in a report on Monday, April 27th. Finally, Citigroup upped their price objective on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the company a "neutral" rating in a research note on Tuesday, February 10th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, First Industrial Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $63.57.

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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