Boston Common Asset Management LLC Sells 9,231 Shares of First Industrial Realty Trust, Inc. $FR

Key Points

• Boston Common Asset Management LLC reduced its stake in First Industrial Realty Trust by 7.2%, selling 9,231 shares and now holds approximately 0.09% of the company valued at $5,765,000.
• First Industrial Realty Trust reported earnings per share of $0.76 for the last quarter, exceeding analyst estimates, and announced a quarterly dividend of $0.445 per share.
• The company has received mixed ratings from analysts, with a consensus "Hold" rating and an average price target set at $55.00.

Boston Common Asset Management LLC cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,782 shares of the real estate investment trust's stock after selling 9,231 shares during the quarter. Boston Common Asset Management LLC owned about 0.09% of First Industrial Realty Trust worth $5,765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Industrial Realty Trust by 26.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,935 shares of the real estate investment trust's stock valued at $536,000 after acquiring an additional 2,106 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of First Industrial Realty Trust by 55.4% during the first quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust's stock valued at $91,000 after acquiring an additional 599 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of First Industrial Realty Trust by 155.1% during the first quarter. Summit Trail Advisors LLC now owns 10,718 shares of the real estate investment trust's stock valued at $583,000 after acquiring an additional 6,516 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of First Industrial Realty Trust during the first quarter valued at $481,000. Finally, Artemis Investment Management LLP bought a new position in shares of First Industrial Realty Trust during the first quarter valued at $40,294,000. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Stock Up 0.3%

Shares of FR opened at $51.68 on Friday. The business's 50 day moving average is $50.67 and its 200 day moving average is $49.73. The company has a market capitalization of $6.84 billion, a PE ratio of 25.21 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released 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. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%.The business had revenue of $180.16 million for the quarter, compared to the consensus estimate of $176.46 million. During the same quarter in the previous year, the company posted $0.66 EPS. The company's revenue was up 9.8% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. 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 disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be paid 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 yield of 3.4%. First Industrial Realty Trust's payout ratio is presently 86.83%.

Analysts Set New Price Targets

Several research firms recently commented on FR. Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Industrial Alliance Securities set a $55.00 price objective on First Industrial Realty Trust in a research report on Wednesday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of First Industrial Realty Trust in a research report on Saturday, September 27th. Mizuho increased their target price on 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, Royal Bank Of Canada reissued an "outperform" rating and issued a $60.00 target price on shares of First Industrial Realty Trust in a report on Monday, September 29th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $55.00.

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.

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