Northwestern Mutual Wealth Management Co. Increases Stake in First Industrial Realty Trust, Inc. $FR

Posted by George Bondi on May 16th, 2026

Northwestern Mutual Wealth Management Co. raised its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) by 856,065.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,785,973 shares of the real estate investment trust’s stock after acquiring an additional 9,784,830 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.07% of First Industrial Realty Trust worth $560,443,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew its holdings in First Industrial Realty Trust by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,143,459 shares of the real estate investment trust’s stock valued at $122,756,000 after buying an additional 8,569 shares in the last quarter. Money Concepts Capital Corp grew its holdings in First Industrial Realty Trust by 2.8% during the 4th quarter. Money Concepts Capital Corp now owns 19,072 shares of the real estate investment trust’s stock valued at $1,092,000 after buying an additional 524 shares in the last quarter. Bailard Inc. grew its holdings in First Industrial Realty Trust by 240.6% during the 4th quarter. Bailard Inc. now owns 19,800 shares of the real estate investment trust’s stock valued at $1,134,000 after buying an additional 13,986 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in First Industrial Realty Trust by 65.8% during the 4th quarter. Swiss Life Asset Management Ltd now owns 10,013 shares of the real estate investment trust’s stock valued at $573,000 after buying an additional 3,972 shares in the last quarter. Finally, NewEdge Wealth LLC purchased a new stake in First Industrial Realty Trust during the 4th quarter valued at approximately $203,000. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Trading Down 0.8%

FR stock opened at $60.81 on Friday. The firm has a fifty day moving average price of $60.63 and a 200 day moving average price of $59.02. First Industrial Realty Trust, Inc. has a fifty-two week low of $47.36 and a fifty-two week high of $64.66. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $8.06 billion, a PE ratio of 23.57 and a beta of 1.07.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Tuesday, June 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 77.52%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FR. Weiss Ratings raised shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Citigroup increased their price objective on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Cantor Fitzgerald reissued a “neutral” rating and issued a $65.00 target price on shares of First Industrial Realty Trust in a report on Monday, April 27th. Scotiabank raised their target price on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Finally, Wall Street Zen raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.64.

Get Our Latest Report on FR

About First Industrial Realty Trust

(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.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.