Vanguard Group Inc. Has $1.11 Billion Stock Position in First Industrial Realty Trust, Inc. $FR

Key Points

• Vanguard slightly trimmed its stake but remains a major holder, owning 19,407,599 shares (14.66%) of First Industrial valued at about $1.11 billion after selling 52,179 shares in Q4.
• First Industrial missed Q4 EPS expectations ($0.59 vs. $0.76) despite revenue rising 7.3% to $188.41M, and issued FY2026 EPS guidance of 3.09–3.19 (analysts project ~3.15).
• The company declared a quarterly dividend of $0.50 (annualized $2.00) for a ~3.2% yield, with an ex-dividend date of June 30 and a payout ratio near 77.5%.

Vanguard Group Inc. reduced its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 0.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,407,599 shares of the real estate investment trust's stock after selling 52,179 shares during the period. Vanguard Group Inc. owned 14.66% of First Industrial Realty Trust worth $1,111,473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at $26,000. Mather Group LLC. acquired a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at $39,000. SJS Investment Consulting Inc. acquired a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at $47,000. Danske Bank A S acquired a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at $51,000. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at $79,000. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Up 0.1%

Shares of First Industrial Realty Trust stock opened at $62.09 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.04 and a debt-to-equity ratio of 0.90. First Industrial Realty Trust, Inc. has a 12 month low of $47.36 and a 12 month high of $64.66. The business has a fifty day simple moving average of $60.74 and a 200 day simple moving average of $58.52. The stock has a market cap of $8.23 billion, a PE ratio of 24.06 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS 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 analyst estimates of $186.20 million. First Industrial Realty Trust had a return on equity of 12.36% and a net margin of 45.98%.The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Research analysts predict that First Industrial Realty Trust, Inc. will post 3.15 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders 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 yield of 3.2%. First Industrial Realty Trust's payout ratio is currently 77.52%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $65.00 price objective on shares of First Industrial Realty Trust in a research note on Monday. Truist Financial lifted their price objective on First Industrial Realty Trust from $65.00 to $66.00 and gave the stock a "buy" rating in a research note on Tuesday, February 17th. Scotiabank lifted their price objective 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. Weiss Ratings raised First Industrial Realty Trust from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday. Finally, Robert W. Baird lifted their price objective on First Industrial Realty Trust from $67.00 to $68.00 and gave the stock an "outperform" rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $63.57.

About First Industrial Realty Trust

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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