Quantbot Technologies LP Buys New Holdings in First Industrial Realty Trust, Inc. $FR

Key Points

• Quantbot Technologies LP has acquired 14,782 shares of First Industrial Realty Trust, valued at approximately $798,000, according to their recent 13F filing.
• Institutional investors and hedge funds now own 99.85% of First Industrial Realty Trust's stock, indicating strong institutional interest.
• The company reported $0.76 earnings per share (EPS) for the last quarter, exceeding estimates, with a year-over-year revenue increase of 9.8%.

Quantbot Technologies LP acquired a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 14,782 shares of the real estate investment trust's stock, valued at approximately $798,000.

Several other hedge funds also recently modified their holdings of FR. Bessemer Group Inc. boosted its holdings in shares of First Industrial Realty Trust by 93.0% during the 1st quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 225 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of First Industrial Realty Trust during the 1st quarter valued at $26,000. Parallel Advisors LLC boosted its holdings in shares of First Industrial Realty Trust by 285.1% during the 1st quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 821 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of First Industrial Realty Trust during the 1st quarter valued at $69,000. Finally, Fifth Third Bancorp boosted its holdings in shares of First Industrial Realty Trust by 22.2% during the 1st quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust's stock valued at $70,000 after acquiring an additional 236 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FR. Scotiabank raised their price objective on First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a report on Wednesday. Robert W. Baird cut their target price on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. Truist Financial cut their target price on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Wells Fargo & Company cut their target price on First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Finally, Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, First Industrial Realty Trust currently has an average rating of "Hold" and an average price target of $55.40.

First Industrial Realty Trust Trading Down 0.3%

Shares of FR stock traded down $0.17 during mid-day trading on Thursday, hitting $52.27. The company's stock had a trading volume of 677,599 shares, compared to its average volume of 1,250,470. The company's fifty day simple moving average is $49.33 and its 200-day simple moving average is $50.56. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $6.92 billion, a PE ratio of 25.50 and a beta of 1.04.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%.The firm had revenue of $180.16 million during the quarter, compared to analyst estimates of $176.46 million. During the same period last year, the company posted $0.66 EPS. The business's quarterly revenue was up 9.8% on a year-over-year basis. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. As a group, equities research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 30th. First Industrial Realty Trust's payout ratio is presently 86.83%.

First Industrial Realty Trust Profile

First Industrial Realty Trust, Inc NYSE: FR is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.