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

Quantinno Capital Management LP lifted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 27.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,217,721 shares of the real estate investment trust’s stock after buying an additional 259,476 shares during the quarter. Quantinno Capital Management LP’s holdings in First Industrial Realty Trust were worth $70,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Measured Wealth Private Client Group LLC purchased a new position in First Industrial Realty Trust in the 3rd quarter valued at $26,000. Parallel Advisors LLC increased its stake in 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 period. Caitong International Asset Management Co. Ltd raised its position 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 buying an additional 301 shares during the last quarter. Danske Bank A S purchased a new position in First Industrial Realty Trust during the 3rd quarter worth $51,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of First Industrial Realty Trust by 27.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 262 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays lifted their target price on shares of First Industrial Realty Trust from $64.00 to $69.00 and gave the company an “equal weight” rating in a report on Thursday, July 16th. Cantor Fitzgerald reissued a “neutral” rating and set a $71.00 price target on shares of First Industrial Realty Trust in a report on Monday. Truist Financial raised 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 report on Monday. Robert W. Baird lifted 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. Finally, KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. One investment 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.79.

First Industrial Realty Trust Price Performance

Shares of NYSE FR opened at $66.22 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44. First Industrial Realty Trust, Inc. has a one year low of $47.38 and a one year high of $69.88. The firm has a market capitalization of $8.78 billion, a P/E ratio of 24.17 and a beta of 1.05. The company’s fifty day moving average is $63.65 and its two-hundred day moving average is $61.45.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly 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). First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The company had revenue of $194.94 million during the quarter, compared to analysts’ expectations of $195.81 million. During the same quarter in the prior year, the business earned $0.76 EPS. The business’s revenue for the quarter 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. Analysts forecast that First Industrial Realty Trust, Inc. will post 3.16 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Tuesday, June 30th were given 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 dividend payout ratio is presently 72.99%.

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.