Fort Washington Investment Advisors 13F: New $32M Stake in FR

Fort Washington Investment Advisors disclosed a new buy of 530,866 shares in First Industrial Realty Trust, Inc. (FR) in a filing on October 15, 2026. This new position is valued at around $31.6 million.

What Changed in Fort Washington Investment Advisors' Position

The firm made a significant entry into First Industrial Realty Trust by acquiring 530,866 shares. This marks a new position, as Fort Washington previously held no shares in the company.

Other Institutional Activity in First Industrial Realty Trust

In the latest round of filings, several other major institutional investors have also been active with First Industrial Realty Trust. BlackRock Inc. reported 16,661,052 shares, having decreased its holdings by 46,782 shares. Vanguard Portfolio Management LLC increased its stake by 102,204 shares, bringing its total to 12,719,991 shares. State Street Corporation reduced its holdings by 34,361 shares, now holding 6,328,788 shares. Vanguard Capital Management LLC raised its stake by 53,365 shares, ending with 5,982,850 shares. NORGES BANK trimmed its position, holding 5,470,630 shares after reducing its holdings by 118,489 shares.

First Industrial Realty Trust, Inc. Stock Down 0.5%

Shares of First Industrial Realty Trust recently traded around $58.50 as of October 16, 2026. This level is approximately 4.8% below both its 50-day and 200-day moving averages, indicating some weakness in the stock's recent performance. Furthermore, the stock sits about 16.3% below its 52-week high and is above its 52-week low by around 7.9%, which may suggest it’s in a mid-range position.

Recent Earnings

For the trailing twelve months, First Industrial Realty Trust reported revenue of approximately $760.4 million and earnings per share (EPS) of $2.75, reflecting a net margin of 47.9%. The next earnings report is scheduled for October 21, 2026.

Analysts Set New Price Targets

Analysts have maintained various ratings for First Industrial Realty Trust. On July 28, 2026, Citigroup kept a Neutral rating with a target price of $72.00, while Baird maintained an Outperform rating with a target of $74.00 on July 29. RBC Capital also holds an Outperform rating, raising its target to $75.00 on August 3, 2026. Wells Fargo maintained an Equal-Weight rating with a target of $66.00 on September 1, 2026. The consensus recommendation is a buy, with a mean target price of $71.5 based on 16 analyst opinions.

About First Industrial Realty Trust

First Industrial Realty Trust is a leading U.S. owner and operator of logistics properties, providing essential facilities for supply chains. The company, based in Chicago, operates in the real estate sector, focusing on industrial real estate investment trusts (REITs).

Bottom Line

Fort Washington's new position in First Industrial Realty Trust reflects its strategy in the real estate sector. Investors should consider upcoming earnings on October 21, 2026, and further disclosures as the market evolves. Remember, this filing reflects holdings as of the reporting period and may not represent the investor's current position. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.