First Industrial Realty Trust, Inc. $FR is Engineers Gate Manager LP’s 6th Largest Position

Posted by Brenda Bartman on Jun 18th, 2026

Engineers Gate Manager LP cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) by 9.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,362,025 shares of the real estate investment trust’s stock after selling 135,322 shares during the quarter. First Industrial Realty Trust makes up 0.9% of Engineers Gate Manager LP’s holdings, making the stock its 6th biggest holding. Engineers Gate Manager LP’s holdings in First Industrial Realty Trust were worth $78,003,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Industrial Realty Trust by 856,065.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock valued at $560,443,000 after buying an additional 9,784,830 shares during the period. Norges Bank purchased a new stake in shares of First Industrial Realty Trust during the 4th quarter valued at $320,075,000. Invesco Ltd. grew its stake in shares of First Industrial Realty Trust by 8.0% during 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 buying an additional 323,248 shares during the period. Centersquare Investment Management LLC lifted its position in First Industrial Realty Trust by 10.5% during the fourth 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 buying an additional 252,650 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in First Industrial Realty Trust by 1.6% during the fourth 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 buying an additional 41,042 shares in the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FR has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $65.00 price target on shares of First Industrial Realty Trust in a research report on Monday, April 27th. Robert W. Baird lifted their price target on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. 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 on the stock in a research report on Monday, June 1st. Scotiabank lifted their price target on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings raised shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.20.

View Our Latest Stock Analysis on FR

First Industrial Realty Trust Stock Performance

Shares of NYSE:FR opened at $60.56 on Thursday. The company has a market cap of $8.03 billion, a P/E ratio of 23.47 and a beta of 1.05. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.04. First Industrial Realty Trust, Inc. has a one year low of $47.36 and a one year high of $64.66. The business’s 50-day simple moving average is $61.99 and its 200 day simple moving average is $60.03.

First Industrial Realty Trust Dividend Announcement

The business 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 77.52%.

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.