Quantbot Technologies LP Acquires New Position in First Industrial Realty Trust, Inc. $FR

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Evolve Private Wealth LLC acquired a new stake in shares of First Industrial Realty Trust in the 2nd quarter valued at $245,000. EP Wealth Advisors LLC acquired a new position in shares of First Industrial Realty Trust during the 2nd quarter worth $984,000. Ieq Capital LLC acquired a new position in shares of First Industrial Realty Trust during the 2nd quarter worth $3,274,000. Paralel Advisors LLC bought a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth $2,268,000. Finally, Allworth Financial LP bought a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth $94,000. 99.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FR has been the topic of a number of recent analyst reports. Raymond James Financial reiterated a “strong-buy” rating on shares of First Industrial Realty Trust in a research report on Thursday, June 18th. Cantor Fitzgerald reissued a “neutral” rating and set a $71.00 target price on shares of First Industrial Realty Trust in a research note on Monday, July 27th. Barclays increased their target price on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Citigroup raised their price target on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Finally, Scotiabank lifted their price target on shares of First Industrial Realty Trust from $63.00 to $66.00 and gave the company a “sector perform” rating in a report on Wednesday, August 12th. One 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.07.

First Industrial Realty Trust Trading Up 0.0%

NYSE FR opened at $62.94 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. First Industrial Realty Trust, Inc. has a twelve month low of $49.58 and a twelve month high of $69.88. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 22.97 and a beta of 1.04. The business’s fifty day moving average is $64.23 and its 200 day moving average is $62.12.

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

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.50 per share. 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 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.