25,346 Shares in First Industrial Realty Trust, Inc. $FR Purchased by Delphi Management Inc. MA

Key Points

• Delphi Management Inc. purchased 25,346 shares in First Industrial Realty Trust, Inc., valued at approximately $1.22 million, signaling confidence in the company's growth potential.
• Wall Street analysts have mixed opinions, with five giving a Buy rating and six a Hold rating, but the consensus rating remains at "Hold" with an average price target of $54.80.
• First Industrial Realty Trust reported earnings of $0.76 per share, exceeding estimates, and announced a quarterly dividend of $0.445, yielding 3.4% on an annual basis.

Delphi Management Inc. MA purchased a new position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 25,346 shares of the real estate investment trust's stock, valued at approximately $1,220,000.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. increased its stake in shares of First Industrial Realty Trust by 93.0% in the 1st quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 225 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in First Industrial Realty Trust during the 1st quarter valued at about $26,000. Parallel Advisors LLC grew its position in 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 purchasing an additional 821 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in First Industrial Realty Trust during the 1st quarter valued at about $69,000. Finally, Fifth Third Bancorp grew its position in 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 purchasing an additional 236 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wall Street Zen raised shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Scotiabank raised their price target on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a report on Wednesday, August 27th. Mizuho raised their price target on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, September 8th. Finally, Wells Fargo & Company dropped their price target on shares of 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. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $54.80.

First Industrial Realty Trust Stock Performance

FR opened at $52.16 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 25.44 and a beta of 1.08. The company's 50 day moving average is $50.02 and its 200 day moving average is $50.21. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. The company had revenue of $180.16 million for the quarter, compared to the consensus estimate of $176.46 million. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. On average, equities research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

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

First Industrial Realty Trust Company 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.

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