First Industrial Realty Trust, Inc. $FR Shares Bought by Entropy Technologies LP

Entropy Technologies LP increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 117.6% in the 1st quarter, HoldingsChannel reports. The fund owned 50,754 shares of the real estate investment trust’s stock after acquiring an additional 27,433 shares during the period. Entropy Technologies LP’s holdings in First Industrial Realty Trust were worth $2,936,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Renaissance Technologies LLC acquired a new stake in First Industrial Realty Trust in the first quarter worth approximately $260,000. Public Employees Retirement System of Ohio increased its position in shares of First Industrial Realty Trust by 26.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 290,663 shares of the real estate investment trust’s stock valued at $16,815,000 after purchasing an additional 60,459 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of First Industrial Realty Trust during the 1st quarter valued at $1,051,000. Liberty One Investment Management LLC raised its stake in shares of First Industrial Realty Trust by 30.2% in the 1st quarter. Liberty One Investment Management LLC now owns 98,099 shares of the real estate investment trust’s stock worth $5,675,000 after buying an additional 22,758 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of First Industrial Realty Trust by 14.2% in the 1st quarter. Sei Investments Co. now owns 440,884 shares of the real estate investment trust’s stock worth $25,505,000 after buying an additional 54,687 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

FR has been the subject of several research analyst reports. Robert W. Baird upped their price objective on First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Truist Financial boosted their price target on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. 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. Barclays raised their price objective on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company dropped their target price on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.29.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $66.98 on Friday. The company has a market capitalization of $8.88 billion, a PE ratio of 24.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.04 and a current ratio of 1.44. The stock has a fifty day moving average of $63.46 and a 200-day moving average of $61.31. First Industrial Realty Trust, Inc. has a one year low of $47.38 and a one year high of $69.88.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results 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). The company 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 business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. As a group, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, June 30th. First Industrial Realty Trust’s payout ratio is presently 72.99%.

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.