First Industrial Realty Trust, Inc. $FR Position Boosted by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. increased its stake in First Industrial Realty Trust by 13.9%, holding 671,077 shares valued at approximately $36.2 million.
• Several institutional investors have significantly raised their positions, with Dark Forest Capital Management LP expanding its holdings by 1,951.3% during the first quarter.
• First Industrial Realty Trust announced a quarterly dividend of $0.445, which translates to an annual yield of 3.4% for investors.

Alyeska Investment Group L.P. increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 13.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 671,077 shares of the real estate investment trust's stock after purchasing an additional 81,676 shares during the quarter. Alyeska Investment Group L.P. owned about 0.51% of First Industrial Realty Trust worth $36,211,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in First Industrial Realty Trust by 26.9% in the first 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 during the period. GAMMA Investing LLC raised its position in First Industrial Realty Trust by 55.4% in the first quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust's stock worth $91,000 after acquiring an additional 599 shares in the last quarter. Summit Trail Advisors LLC raised its position in First Industrial Realty Trust by 155.1% in the first quarter. Summit Trail Advisors LLC now owns 10,718 shares of the real estate investment trust's stock worth $583,000 after acquiring an additional 6,516 shares in the last quarter. SG Americas Securities LLC bought a new stake in First Industrial Realty Trust in the first quarter worth about $481,000. Finally, ProShare Advisors LLC raised its position in First Industrial Realty Trust by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 6,192 shares of the real estate investment trust's stock worth $310,000 after acquiring an additional 423 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Trading Down 1.0%

NYSE FR traded down $0.52 on Tuesday, hitting $51.62. 183,881 shares of the company were exchanged, compared to its average volume of 1,236,592. The company's 50 day moving average price is $49.80 and its 200-day moving average price is $50.30. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $6.84 billion, a P/E ratio of 25.21 and a beta of 1.08. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve 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 the consensus estimate of $0.72 by $0.04. The firm had revenue of $180.16 million for the quarter, compared to the consensus estimate of $176.46 million. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%.The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. Analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend 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 86.83%.

Wall Street Analysts Forecast Growth

FR has been the topic of several research reports. Scotiabank boosted their price target on shares of 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. 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 research report on Monday, May 19th. Wall Street Zen upgraded shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Mizuho boosted their price target on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $54.80.

About First Industrial Realty Trust

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.