First Industrial Realty Trust, Inc. $FR Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 27.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,217,721 shares of the real estate investment trust’s stock after purchasing an additional 259,476 shares during the period. Quantinno Capital Management LP owned 0.92% of First Industrial Realty Trust worth $70,445,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new position in shares of First Industrial Realty Trust in the 3rd quarter valued at $26,000. Parallel Advisors LLC grew its position in shares of First Industrial Realty Trust by 86.9% in the 4th quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 291 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 301 shares in the last quarter. Danske Bank A S acquired a new stake in First Industrial Realty Trust during the 3rd quarter worth $51,000. Finally, Parkside Financial Bank & Trust lifted its position in First Industrial Realty Trust by 27.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 262 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on FR shares. Truist Financial upped their price objective on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the company a “buy” rating in a research note on Monday. Barclays lifted their target price on First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Robert W. Baird boosted their target price 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. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $71.00 price target on shares of First Industrial Realty Trust in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.79.

First Industrial Realty Trust Stock Down 0.4%

FR stock opened at $66.22 on Wednesday. The company has a fifty day moving average price of $63.65 and a 200 day moving average price of $61.45. First Industrial Realty Trust, Inc. has a 12 month low of $47.38 and a 12 month high of $69.88. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.44.

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 (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $194.94 million for the quarter, compared to analysts’ expectations of $195.81 million. During the same period in the previous year, the business posted $0.76 earnings per share. The company’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. Sell-side analysts expect that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.0%. First Industrial Realty Trust’s dividend 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.