Corient Private Wealth LP Invests $10.85 Million in First Industrial Realty Trust, Inc. $FR

Corient Private Wealth LP acquired a new position in First Industrial Realty Trust, Inc. (NYSE:FR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 176,907 shares of the real estate investment trust’s stock, valued at approximately $10,847,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in First Industrial Realty Trust during the second quarter valued at approximately $1,021,489,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 buying an additional 9,784,830 shares during the last quarter. Norges Bank purchased a new stake in shares of First Industrial Realty Trust during the 4th quarter valued at $320,075,000. Cohen & Steers Inc. purchased a new stake in shares of First Industrial Realty Trust during the 4th quarter valued at $118,365,000. Finally, Rush Island Management LP bought a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth $79,904,000. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Trading Down 0.7%

NYSE FR opened at $61.93 on Friday. The stock has a market cap of $8.21 billion, a P/E ratio of 22.60 and a beta of 1.04. First Industrial Realty Trust, Inc. has a fifty-two week low of $50.24 and a fifty-two week high of $69.88. The stock has a 50 day simple moving average of $64.31 and a two-hundred day simple moving average of $62.23. 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 (NYSE:FR) last posted its 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 business had revenue of $194.94 million for the quarter, compared to analysts’ expectations of $195.81 million. First Industrial Realty Trust had a net margin of 47.97% and a return on equity of 12.99%. First Industrial Realty Trust’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. On average, analysts forecast that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on FR. Weiss Ratings reissued a “buy (b)” rating on shares of First Industrial Realty Trust in a research note on Friday, July 24th. Wells Fargo & Company dropped their price target on 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. Robert W. Baird upped their price objective on First Industrial Realty Trust from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Royal Bank Of Canada increased their price objective on First Industrial Realty Trust from $68.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, KeyCorp reissued a “sector weight” rating on shares of First Industrial Realty Trust in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.07.

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.