First Industrial Realty Trust, Inc. $FR Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 127.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,816 shares of the real estate investment trust’s stock after acquiring an additional 75,663 shares during the period. First Trust Advisors LP’s holdings in First Industrial Realty Trust were worth $7,799,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FR. Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Industrial Realty Trust by 856,065.6% during the fourth 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 during the last quarter. Norges Bank purchased a new stake in shares of First Industrial Realty Trust in the 4th quarter valued at about $320,075,000. Invesco Ltd. lifted its holdings in shares of First Industrial Realty Trust by 8.0% in the 3rd quarter. Invesco Ltd. now owns 4,343,723 shares of the real estate investment trust’s stock valued at $223,571,000 after purchasing an additional 323,248 shares during the last quarter. Centersquare Investment Management LLC boosted its position in shares of First Industrial Realty Trust by 10.5% in the 4th quarter. Centersquare Investment Management LLC now owns 2,649,757 shares of the real estate investment trust’s stock valued at $151,752,000 after purchasing an additional 252,650 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of First Industrial Realty Trust by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,629,908 shares of the real estate investment trust’s stock valued at $150,644,000 after purchasing an additional 41,042 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $65.99 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. First Industrial Realty Trust, Inc. has a 52-week low of $47.38 and a 52-week high of $69.88. The business’s 50-day moving average price is $63.83 and its 200 day moving average price is $61.57. The firm has a market cap of $8.75 billion, a P/E ratio of 24.08 and a beta of 1.05.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results 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). The company had revenue of $194.94 million during the quarter, compared to analyst estimates of $195.81 million. First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, equities research analysts expect that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on FR. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Industrial Realty Trust in a research report on Friday, July 24th. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. KeyCorp restated a “sector weight” rating on shares of First Industrial Realty Trust in a research report on Wednesday, June 10th. Citigroup lifted their target price on shares of First Industrial Realty Trust from $63.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Wells Fargo & Company reduced their price target 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 report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.21.

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.