Man Group plc Takes Position in First Industrial Realty Trust, Inc. $FR

Key Points

• Man Group initiated a position in First Industrial Realty Trust during the second quarter, buying 59,693 shares valued at approximately $3.66 million. Institutional investors and hedge funds collectively own 99.85% of the REIT.
• First Industrial reported quarterly earnings of $0.58 per share, missing estimates of $0.80, while revenue rose 8.2% year over year to $194.94 million. The company issued fiscal 2026 EPS guidance of $3.12–$3.20.
• The REIT declared a quarterly dividend of $0.50 per share, implying an annualized payout of $2.00 and a 3.2% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $67.07, compared with the stock’s reported price of $61.88.

Man Group plc bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 59,693 shares of the real estate investment trust's stock, valued at approximately $3,660,000.

Several other large investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in First Industrial Realty Trust during the 3rd quarter worth about $26,000. Parallel Advisors LLC boosted its stake in shares of First Industrial Realty Trust by 86.9% in the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 291 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of First Industrial Realty Trust in the 2nd quarter valued at about $39,000. Caitong International Asset Management Co. Ltd grew its position in shares of First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust's stock worth $44,000 after buying an additional 301 shares during the period. Finally, Danske Bank A S acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Stock Down 0.1%

Shares of NYSE FR opened at $61.88 on Tuesday. First Industrial Realty Trust, Inc. has a 52-week low of $50.24 and a 52-week high of $69.88. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market cap of $8.20 billion, a P/E ratio of 22.58 and a beta of 1.04. The firm has a 50 day moving average price of $64.28 and a 200 day moving average price of $62.26.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.22). The firm had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Analysts expect that First Industrial Realty Trust, Inc. will post 3.17 EPS for the current year.

First Industrial Realty Trust Announces Dividend

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

Analysts Set New Price Targets

FR has been the topic of several analyst reports. KeyCorp restated a "sector weight" rating on shares of First Industrial Realty Trust in a report on Wednesday, June 10th. Royal Bank Of Canada lifted 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 report on Monday, August 3rd. Truist Financial upped their target price on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the company 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. Finally, Cantor Fitzgerald restated 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $67.07.

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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