First Industrial Realty Trust, Inc. $FR Shares Acquired by Liberty One Investment Management LLC

Liberty One Investment Management LLC lifted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 30.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,099 shares of the real estate investment trust’s stock after purchasing an additional 22,758 shares during the period. Liberty One Investment Management LLC’s holdings in First Industrial Realty Trust were worth $5,675,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in First Industrial Realty Trust by 856,065.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock worth $560,443,000 after purchasing an additional 9,784,830 shares in the last quarter. Norges Bank purchased a new stake in First Industrial Realty Trust during the fourth quarter valued at about $320,075,000. Cohen & Steers Inc. acquired a new position in shares of First Industrial Realty Trust in the fourth quarter worth about $118,365,000. Rush Island Management LP acquired a new position in shares of First Industrial Realty Trust in the second quarter worth about $79,904,000. Finally, AQR Capital Management LLC increased its position in shares of First Industrial Realty Trust by 491.9% in the second quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust’s stock worth $89,291,000 after acquiring an additional 1,541,778 shares in the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FR shares. Wells Fargo & Company cut their price target 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. KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. Cantor Fitzgerald restated a “neutral” rating and issued a $65.00 target price on shares of First Industrial Realty Trust in a report on Monday, April 27th. Finally, Weiss Ratings upgraded First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.29.

First Industrial Realty Trust Stock Down 2.1%

FR stock opened at $66.31 on Friday. 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 quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.90. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 24.20 and a beta of 1.05. The company has a 50 day moving average of $63.34 and a two-hundred day moving average of $61.27.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.22). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 13.09%. The company had revenue of $194.94 million for the quarter, compared to analysts’ expectations of $195.81 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. 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. On average, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 3.14 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Tuesday, June 30th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio is presently 77.52%.

Key Headlines Impacting First Industrial Realty Trust

Here are the key news stories impacting First Industrial Realty Trust this week:

• Positive Sentiment: The company beat FFO expectations, posting $0.82 per share versus the $0.80 consensus, which suggests core operating performance was slightly better than expected. First Industrial Realty Trust (FR) Beats Q2 FFO Estimates
• Positive Sentiment: Management raised 2026 FFO guidance by $0.02 at the midpoint, signaling confidence in the outlook after the quarter. First Industrial Realty Trust Reports Second Quarter 2026 Results
• Positive Sentiment: Operational metrics were strong, including 6.7% cash same-store NOI growth, 39% cash rental rate increases, and new lease activity that supports future revenue growth. First Industrial Realty Trust Reports Second Quarter 2026 Results
• Neutral Sentiment: The company signed a large 708,000-square-foot lease and started development on a new 613,000-square-foot project, both of which reinforce its logistics real estate pipeline. First Industrial Realty Trust Reports Second Quarter 2026 Results
• Negative Sentiment: Reported EPS came in at $0.58, well below the $0.80 analyst estimate, and revenue of $194.94 million was slightly under expectations, which likely weighed on the stock. Conference call and earnings report
• Negative Sentiment: Investors may also be reacting to the weaker-than-expected headline earnings despite solid FFO, creating uncertainty around near-term profitability. First Industrial Realty Trust, Inc. (FR) Q2 2026 Earnings Call Transcript

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.