7,423 Shares in First Industrial Realty Trust, Inc. $FR Purchased by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC acquired a new stake in First Industrial Realty Trust, purchasing 7,423 shares valued at approximately $379,000 in the second quarter.
• Analysts have raised price targets for First Industrial Realty Trust, with JPMorgan Chase increasing its target from $58 to $61 and several others maintaining a Hold rating.
• The company recently declared a quarterly dividend of $0.445 per share, representing an annualized yield of 3.2%, with a high dividend payout ratio of 99.44%.

Chicago Partners Investment Group LLC purchased a new stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,423 shares of the real estate investment trust's stock, valued at approximately $379,000.

Several other hedge funds have also bought and sold shares of FR. GAMMA Investing LLC boosted its position in First Industrial Realty Trust by 55.4% in the 1st quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust's stock worth $91,000 after purchasing an additional 599 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in First Industrial Realty Trust by 26.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,935 shares of the real estate investment trust's stock worth $536,000 after purchasing an additional 2,106 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in First Industrial Realty Trust by 4.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 237,395 shares of the real estate investment trust's stock worth $12,810,000 after purchasing an additional 9,552 shares in the last quarter. Bessemer Group Inc. boosted its position in 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 purchasing an additional 225 shares in the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in First Industrial Realty Trust in the 1st quarter worth approximately $26,000. Hedge funds and other institutional investors own 99.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FR. JPMorgan Chase & Co. upped their price objective on First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Thursday. Weiss Ratings reiterated a "hold (c)" rating on shares of First Industrial Realty Trust in a research report on Wednesday, October 8th. Wall Street Zen upgraded First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Royal Bank Of Canada reiterated an "outperform" rating and set a $60.00 price target on shares of First Industrial Realty Trust in a research report on Monday, September 29th. Finally, Scotiabank increased their price target on First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $56.00.

First Industrial Realty Trust Price Performance

Shares of First Industrial Realty Trust stock opened at $55.81 on Friday. The business has a 50 day simple moving average of $52.00 and a two-hundred day simple moving average of $49.82. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17. The stock has a market capitalization of $7.39 billion, a P/E ratio of 31.18 and a beta of 1.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.91 and a quick ratio of 1.04.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.The business had revenue of $181.43 million during the quarter, compared to analysts' expectations of $182.63 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The business's revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. As a group, analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.2%. First Industrial Realty Trust's dividend payout ratio is presently 99.44%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.