GSA Capital Partners LLP Sells 10,175 Shares of First Industrial Realty Trust, Inc. $FR

26 Feb 2026, 10:24 by Tristan Rich · The Markets Daily

GSA Capital Partners LLP lessened its holdings in First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) by 57.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,492 shares of the real estate investment trust’s stock after selling 10,175 shares during the quarter. GSA Capital Partners LLP’s holdings in First Industrial Realty Trust were worth $386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in First Industrial Realty Trust in the second quarter valued at approximately $272,085,000. Rush Island Management LP bought a new stake in shares of First Industrial Realty Trust during the 2nd quarter valued at $79,904,000. AQR Capital Management LLC lifted its stake in shares of First Industrial Realty Trust by 491.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,855,214 shares of the real estate investment trust’s stock valued at $89,291,000 after purchasing an additional 1,541,778 shares during the period. Engineers Gate Manager LP boosted its position in shares of First Industrial Realty Trust by 1,339.7% in the 2nd quarter. Engineers Gate Manager LP now owns 1,081,925 shares of the real estate investment trust’s stock worth $52,073,000 after purchasing an additional 1,006,778 shares during the last quarter. Finally, PGGM Investments boosted its position in shares of First Industrial Realty Trust by 46.0% in the 3rd quarter. PGGM Investments now owns 2,337,100 shares of the real estate investment trust’s stock worth $120,291,000 after purchasing an additional 736,477 shares during the last quarter. 99.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FR shares. Cantor Fitzgerald increased their target price on First Industrial Realty Trust from $58.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. UBS Group set a $62.00 price target on First Industrial Realty Trust in a research note on Thursday, December 4th. Scotiabank lifted their price objective on shares of First Industrial Realty Trust from $57.00 to $62.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Robert W. Baird set a $65.00 price objective on shares of First Industrial Realty Trust in a report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Monday, January 5th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.21.

Read Our Latest Analysis on First Industrial Realty Trust

First Industrial Realty Trust Price Performance

NYSE FR opened at $62.50 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 1.12. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $62.79. The business has a 50 day simple moving average of $58.85 and a 200 day simple moving average of $55.55. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 33.60 and a beta of 1.14.

First Industrial Realty Trust (NYSE:FR – Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.17). First Industrial Realty Trust had a net margin of 34.03% and a return on equity of 9.02%. The company had revenue of $188.41 million during the quarter, compared to analyst estimates of $186.20 million. During the same quarter last year, the company earned $0.71 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2026 guidance at 3.090-3.190 EPS. Analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Tuesday, March 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.45. First Industrial Realty Trust’s dividend payout ratio (DPR) is 95.70%.

Insider Activity

In other news, CIO Johannson L. Yap sold 680 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total value of $39,691.60. Following the sale, the executive directly owned 3,770 shares in the company, valued at $220,054.90. The trade was a 15.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.06% of the stock is owned by corporate insiders.

First Industrial Realty Trust Profile

(Free Report)

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.