First Industrial Realty Trust, Inc. $FR Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 8.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 322,965 shares of the real estate investment trust’s stock after selling 31,086 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in First Industrial Realty Trust were worth $18,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FR. Goldman Sachs Group Inc. increased its stake in shares of First Industrial Realty Trust by 41.1% in the first quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock worth $45,301,000 after acquiring an additional 244,562 shares during the period. First Trust Advisors LP lifted its position in First Industrial Realty Trust by 141.1% during the second quarter. First Trust Advisors LP now owns 86,866 shares of the real estate investment trust’s stock valued at $4,181,000 after purchasing an additional 50,839 shares during the period. Baird Financial Group Inc. lifted its position in First Industrial Realty Trust by 4.4% during the second quarter. Baird Financial Group Inc. now owns 55,781 shares of the real estate investment trust’s stock valued at $2,685,000 after purchasing an additional 2,356 shares during the period. Cresset Asset Management LLC acquired a new position in First Industrial Realty Trust during the second quarter valued at $275,000. Finally, Cerity Partners LLC boosted its holdings in First Industrial Realty Trust by 463.4% in the second quarter. Cerity Partners LLC now owns 63,013 shares of the real estate investment trust’s stock valued at $3,033,000 after purchasing an additional 51,828 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

FR opened at $65.99 on Friday. The firm has a fifty day moving average price of $63.83 and a 200 day moving average price of $61.57. First Industrial Realty Trust, Inc. has a 1 year low of $47.38 and a 1 year high of $69.88. The stock has a market cap of $8.75 billion, a P/E ratio of 24.08 and a beta of 1.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 1.44.

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 analyst estimates of $195.81 million. During the same quarter in the prior year, the business posted $0.76 EPS. The firm’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. Equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays increased their price target on 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. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. Truist Financial upped their target price on First Industrial Realty Trust from $67.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Industrial Realty Trust in a report on Friday, July 24th. Finally, Robert W. Baird lifted their price target on First Industrial Realty Trust from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Wednesday. One 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.21.

About First Industrial Realty Trust

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.