Jupiter Topco LLC Takes $3.71 Million Position in First Industrial Realty Trust, Inc. $FR

Key Points

• Jupiter Topco LLC acquired 60,571 shares of First Industrial Realty Trust worth approximately $3.71 million, while institutional investors collectively own 99.85% of the REIT’s stock.
• 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 estimate. The company maintained fiscal 2026 EPS guidance of $3.12–$3.20.
• The REIT declared a quarterly dividend of $0.50 per share, equivalent to a 3.2% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $67.43, compared with a recent share price of $62.35.

Jupiter Topco LLC bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 60,571 shares of the real estate investment trust's stock, valued at approximately $3,715,000.

Several other large investors have also recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC purchased a new stake in First Industrial Realty Trust in the 3rd quarter valued at about $26,000. Parallel Advisors LLC lifted its holdings in shares of First Industrial Realty Trust by 86.9% during the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 291 shares during the period. Trust Co. of Vermont purchased a new position in shares of First Industrial Realty Trust during the 2nd quarter worth about $39,000. Caitong International Asset Management Co. Ltd boosted its position in shares of First Industrial Realty Trust by 64.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 301 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in shares of First Industrial Realty Trust in the third quarter worth approximately $51,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Trading Up 0.8%

Shares of FR stock opened at $62.35 on Wednesday. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 22.76 and a beta of 1.03. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. First Industrial Realty Trust, Inc. has a fifty-two week low of $50.24 and a fifty-two week high of $69.88. The firm's 50 day moving average price is $64.25 and its two-hundred day moving average price is $62.28.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.22). The business had revenue of $194.94 million during the quarter, compared to analysts' expectations of $195.81 million. First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. During the same period in the prior year, the business posted $0.76 EPS. The business's 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. On average, analysts anticipate that First Industrial Realty Trust, Inc. will post 3.17 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 30th. First Industrial Realty Trust's payout ratio is currently 72.99%.

Analyst Ratings Changes

Several equities analysts recently commented on FR shares. Truist Financial upped their price target 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. Raymond James Financial reissued a "strong-buy" rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Robert W. Baird upped their price objective on First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Scotiabank lifted their target price on 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, Citigroup lifted their target price on First Industrial Realty Trust from $63.00 to $72.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $67.43.

First Industrial Realty Trust Company 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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