Quantbot Technologies LP Invests $2.45 Million in First Industrial Realty Trust, Inc. $FR

Quantbot Technologies LP bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 39,939 shares of the real estate investment trust’s stock, valued at approximately $2,449,000.

A number of other large investors have also added to or reduced their stakes in FR. BlackRock Inc. bought a new position in First Industrial Realty Trust during the second quarter worth $1,021,489,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Industrial Realty Trust by 856,065.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock valued at $560,443,000 after purchasing an additional 9,784,830 shares during the last quarter. Norges Bank bought a new position in shares of First Industrial Realty Trust in the fourth quarter valued at about $320,075,000. Invesco Ltd. lifted its stake in shares of First Industrial Realty Trust by 8.0% during the 3rd quarter. Invesco Ltd. now owns 4,343,723 shares of the real estate investment trust’s stock worth $223,571,000 after buying an additional 323,248 shares during the last quarter. Finally, Centersquare Investment Management LLC boosted its holdings in shares of First Industrial Realty Trust by 10.5% during the 4th quarter. Centersquare Investment Management LLC now owns 2,649,757 shares of the real estate investment trust’s stock worth $151,752,000 after buying an additional 252,650 shares during the period. Institutional investors own 99.85% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays upped their price target on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. KeyCorp restated a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Cantor Fitzgerald restated a “neutral” rating and set a $71.00 price objective on shares of First Industrial Realty Trust in a report on Monday, July 27th. Royal Bank Of Canada upped their target price on First Industrial Realty Trust from $68.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Robert W. Baird increased their target price on First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $67.07.

First Industrial Realty Trust Price Performance

NYSE:FR opened at $62.94 on Monday. First Industrial Realty Trust, Inc. has a 52 week low of $49.58 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 firm’s 50-day simple moving average is $64.23 and its 200 day simple moving average is $62.12. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 22.97 and a beta of 1.04.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.22). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business had revenue of $194.94 million during the quarter, compared to the consensus estimate of $195.81 million. During the same period in the prior year, the firm earned $0.76 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

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

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.