Great Lakes Advisors LLC Buys Shares of 78,167 First Industrial Realty Trust, Inc. $FR

Great Lakes Advisors LLC bought a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 78,167 shares of the real estate investment trust’s stock, valued at approximately $4,792,000. Great Lakes Advisors LLC owned about 0.06% of First Industrial Realty Trust as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First National Bank of Omaha bought a new stake in shares of First Industrial Realty Trust during the second quarter worth $2,738,000. BlackRock Inc. bought a new position in shares of First Industrial Realty Trust in the second quarter worth about $1,021,489,000. Pallas Capital Advisors LLC purchased a new position in First Industrial Realty Trust in the 2nd quarter worth about $1,101,000. Deutsche Bank AG purchased a new position in First Industrial Realty Trust in the 2nd quarter worth about $79,730,000. Finally, Trust Co. of Vermont bought a new stake in First Industrial Realty Trust during the 2nd quarter valued at about $39,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Price Performance

FR opened at $62.82 on Thursday. The firm has a market capitalization of $8.33 billion, a PE ratio of 22.93 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.44. The business’s 50-day moving average is $64.24 and its two-hundred day moving average is $62.05. First Industrial Realty Trust, Inc. has a 1 year low of $49.38 and a 1 year high of $69.88.

First Industrial Realty Trust (NYSE:FR) last released 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 12.99%. The firm 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 company 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. Research analysts anticipate that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 72.99%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Raymond James Financial restated a “strong-buy” rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of First Industrial Realty Trust in a report on Friday, July 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $71.00 target price on shares of First Industrial Realty Trust in a research report on Monday, July 27th. Robert W. Baird boosted their price target on shares of First Industrial Realty Trust from $71.00 to $74.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, Barclays upped their price target on shares of 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. One research 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $67.07.

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.