PGGM Investments Decreases Position in First Industrial Realty Trust, Inc. $FR

Posted by Francis Steltz on May 26th, 2026

PGGM Investments lessened its holdings in First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) by 25.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,752,583 shares of the real estate investment trust’s stock after selling 584,517 shares during the quarter. First Industrial Realty Trust comprises approximately 1.6% of PGGM Investments’ investment portfolio, making the stock its 24th largest holding. PGGM Investments’ holdings in First Industrial Realty Trust were worth $100,370,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FR. Northwestern Mutual Wealth Management Co. boosted its position in 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 valued at $560,443,000 after buying an additional 9,784,830 shares during the period. Rush Island Management LP purchased a new position in First Industrial Realty Trust in the 2nd quarter valued at approximately $79,904,000. AQR Capital Management LLC boosted its position in 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 buying an additional 1,541,778 shares during the period. Duff & Phelps Investment Management Co. purchased a new position in First Industrial Realty Trust in the 3rd quarter valued at approximately $74,584,000. Finally, Citadel Advisors LLC boosted its position in First Industrial Realty Trust by 70.8% in the 3rd quarter. Citadel Advisors LLC now owns 2,498,172 shares of the real estate investment trust’s stock valued at $128,581,000 after buying an additional 1,035,385 shares during the period. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

Shares of FR opened at $63.28 on Tuesday. First Industrial Realty Trust, Inc. has a twelve month low of $47.36 and a twelve month high of $64.66. The firm’s fifty day simple moving average is $60.84 and its 200-day simple moving average is $59.33. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 24.53 and a beta of 1.07. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90.

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 77.52%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $65.00 price objective on shares of First Industrial Realty Trust in a report on Monday, April 27th. Citigroup raised 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. Finally, Scotiabank raised their price objective 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. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.64.

View Our Latest Research Report on FR

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.

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