Strs Ohio Buys 25,806 Shares of First Industrial Realty Trust, Inc. $FR

Key Points

• Strs Ohio increased its stake in First Industrial Realty Trust by 10.7%, buying 25,806 shares to hold 267,567 shares (~0.20% of the company) valued at $15.324 million.
• First Industrial reported Q4 EPS of $0.59, missing estimates by $0.17 while revenue beat, set FY2026 guidance of $3.09–$3.19, and announced a quarterly dividend of $0.50 (annualized $2.00, ~3.2% yield).
• Analyst sentiment is cautiously positive with an average rating of "Moderate Buy" (eight Buys vs five Holds) and an average target price of $63.57.

Strs Ohio increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 267,567 shares of the real estate investment trust's stock after purchasing an additional 25,806 shares during the period. Strs Ohio owned approximately 0.20% of First Industrial Realty Trust worth $15,324,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in shares of First Industrial Realty Trust in the third quarter worth approximately $26,000. Mather Group LLC. bought a new position in shares of First Industrial Realty Trust in the third quarter worth approximately $39,000. SJS Investment Consulting Inc. bought a new position in First Industrial Realty Trust during the third quarter valued at approximately $47,000. Danske Bank A S bought a new position in First Industrial Realty Trust during the third quarter valued at approximately $51,000. Finally, Fulcrum Asset Management LLP bought a new position in First Industrial Realty Trust during the third quarter valued at approximately $79,000. 99.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FR. Citigroup increased their price target on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft upgraded shares of First Industrial Realty Trust from a "hold" rating to a "buy" rating and set a $67.00 price target on the stock in a research report on Monday, January 5th. Weiss Ratings upgraded shares of First Industrial Realty Trust from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, April 27th. Cantor Fitzgerald reiterated a "neutral" rating and set a $65.00 price target on shares of First Industrial Realty Trust in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, April 11th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $63.57.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $62.09 on Monday. The firm has a market cap of $8.23 billion, a PE ratio of 24.06 and a beta of 1.07. First Industrial Realty Trust, Inc. has a fifty-two week low of $47.36 and a fifty-two week 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. The business has a 50 day moving average price of $60.74 and a 200-day moving average price of $58.62.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.17). The company had revenue of $188.41 million for the quarter, compared to analysts' expectations of $186.20 million. First Industrial Realty Trust had a net margin of 45.98% and a return on equity of 12.36%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Equities research analysts predict that First Industrial Realty Trust, Inc. will post 3.15 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Tuesday, June 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 of this dividend is Tuesday, June 30th. First Industrial Realty Trust's dividend payout ratio is 77.52%.

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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