Apg Asset Management US Adds $11M in First Industrial Realty Trust, Inc. ($FR)

Apg Asset Management US has significantly increased its investment in First Industrial Realty Trust, Inc. (NYSE: FR). According to the latest Form 13F filing with the SEC, the fund boosted its stake by 133.7%, adding 177,350 shares to bring its total to 309,950 shares. This position is now valued at approximately $19.7 million, reflecting the holdings as of the end of the reporting period.

What Changed in Apg Asset Management US's First Industrial Realty Trust Position

Apg Asset Management US previously held 132,600 shares of First Industrial Realty Trust. With the addition of 177,350 shares, the fund's position now stands at 309,950 shares. This represents a 133.7% increase in its holdings, valued at about $19.7 million.

Other Institutional Activity in First Industrial Realty Trust

Several other major institutional investors have also been active in First Industrial Realty Trust. BlackRock, Inc. reduced its holdings by 23,712 shares, resulting in 16,707,768 shares valued at $966.5 million. Meanwhile, Vanguard Portfolio Management LLC added a significant amount, bringing its stake to 12,617,830 shares worth $729.9 million. State Street Corp decreased its position by 80,473 shares, holding 6,363,262 shares valued at $371.3 million. Centersquare Investment Management LLC increased its stake by 1,657,810 shares, ending with 4,307,567 shares valued at $249.2 million.

First Industrial Realty Trust Stock Snapshot

Shares of First Industrial Realty Trust, Inc. (NYSE:FR) recently traded near $63.57. The company has a market cap of approximately $8.43 billion and a P/E ratio of 24.54. Its beta is 1.067, indicating slightly higher volatility than the market. The stock's 52-week range is between $47.36 and $64.66. It has a 50-day moving average of $61.80 and a 200-day moving average of $57.96.

Recent Earnings

First Industrial Realty Trust reported revenue of $745.2 million, with a growth rate of 10%. Its earnings per share (EPS) stood at $2.59, and the company achieved a net margin of 45.95%. The return on equity (ROE) was 12.84%. The next earnings report is scheduled for July 22, 2026.

Dividend

The company pays an annual dividend of $1.89, yielding 2.97%. The dividend payout ratio is 70.85%, indicating a moderate distribution of earnings to shareholders.

Insider Buying and Selling at First Industrial Realty Trust, Inc.

Several insiders have been actively buying shares of First Industrial Realty Trust. On June 1, 2026, Frank Schmitz purchased 2,293 shares. Earlier, on April 30, 2026, Marcus Smith, Patrick Hackett Jr., Teresa Bryce Bazemore, Denise Olsen, and Matthew Dominski each bought 2,419 shares.

Analysts Set New Price Targets

Analysts have maintained their ratings on First Industrial Realty Trust. On June 1, 2026, Wells Fargo maintained a 'hold' rating with a $61 price target. Truist Securities, on May 15, 2026, kept a 'buy' rating with a $67 target. Baird also maintained a 'buy' rating with a $68 target on April 28, 2026. Overall, the consensus recommendation is a 'buy', with an average target price of $66.87 based on 15 analyst opinions.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc. is a key player in the real estate sector, focusing on industrial properties. Headquartered in Chicago, Illinois, the company operates as a Real Estate Investment Trust (REIT), specializing in logistics properties. It owns and develops approximately 71.6 million square feet of industrial space across 15 metropolitan areas. Led by CEO Peter E. Baccile, the company employs 151 people.

Bottom Line

Apg Asset Management US's significant increase in shares of First Industrial Realty Trust, Inc. reflects a strong interest in the company's potential. Investors often track such moves to gauge market sentiment and fund strategies. As always, it's important to remember that 13F filings are backward-looking and might not represent current holdings.