Edgestream Partners L.P. Has $3.79 Million Stake in First Industrial Realty Trust, Inc. $FR

Edgestream Partners L.P. trimmed its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 56.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,581 shares of the real estate investment trust’s stock after selling 86,133 shares during the period. Edgestream Partners L.P.’s holdings in First Industrial Realty Trust were worth $3,794,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of First Industrial Realty Trust by 2.0% during the first quarter. Sequoia Financial Advisors LLC now owns 8,184 shares of the real estate investment trust’s stock valued at $473,000 after acquiring an additional 163 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in shares of First Industrial Realty Trust by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 183 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of First Industrial Realty Trust by 2.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock worth $554,000 after purchasing an additional 211 shares during the last quarter. Signaturefd LLC grew its holdings in shares of First Industrial Realty Trust by 9.4% in the 4th quarter. Signaturefd LLC now owns 2,809 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 242 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of First Industrial Realty Trust by 16.0% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 242 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Barclays upped their price objective on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Robert W. Baird raised their price objective on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company cut their target price on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Finally, KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.21.

First Industrial Realty Trust Price Performance

Shares of FR stock opened at $65.99 on Friday. The stock’s fifty day moving average is $63.83 and its 200-day moving average is $61.57. 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 stock has a market capitalization of $8.75 billion, a PE ratio of 24.08 and a beta of 1.05. First Industrial Realty Trust, Inc. has a 52 week low of $47.38 and a 52 week high of $69.88.

First Industrial Realty Trust (NYSE:FR) last announced its earnings results 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 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 analyst estimates of $195.81 million. During the same quarter last year, the business posted $0.76 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Equities research analysts expect that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current fiscal year.

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.