Caxton Associates LLP Buys New Position in First Industrial Realty Trust, Inc. $FR

Key Points

• Caxton Associates LLP recently acquired 11,336 shares of First Industrial Realty Trust, valued at approximately $612,000, reflecting growing interest from institutional investors.
• In the first quarter, First Industrial Realty Trust reported an earnings per share (EPS) of $0.76, exceeding analysts' expectations while year-over-year revenue increased by 9.8%.
• Analysts have recently upgraded their ratings and price targets for First Industrial Realty Trust, with a consensus target price currently at $54.80.

Caxton Associates LLP purchased a new stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,336 shares of the real estate investment trust's stock, valued at approximately $612,000.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in First Industrial Realty Trust by 93.0% in the first 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 during the period. Alpine Bank Wealth Management acquired a new position in shares of First Industrial Realty Trust during the 1st quarter worth approximately $26,000. Parallel Advisors LLC raised its stake 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 worth $60,000 after buying an additional 821 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of First Industrial Realty Trust during the 1st quarter worth approximately $69,000. Finally, Fifth Third Bancorp raised its stake 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 worth $70,000 after buying an additional 236 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FR shares. Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Scotiabank upped their target price on First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 27th. Wells Fargo & Company reduced their target price on First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Finally, Mizuho upped their target price on First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, September 8th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, First Industrial Realty Trust presently has an average rating of "Hold" and a consensus price target of $54.80.

First Industrial Realty Trust Trading Down 0.1%

Shares of NYSE:FR traded down $0.04 during midday trading on Tuesday, reaching $51.86. 287,365 shares of the company's stock were exchanged, compared to its average volume of 1,224,519. The firm's 50 day simple moving average is $50.08 and its two-hundred day simple moving average is $50.12. 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 stock has a market cap of $6.87 billion, a price-to-earnings ratio of 25.29 and a beta of 1.08. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued 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 firm had revenue of $180.16 million during 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 company's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.66 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. As a group, sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

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 issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, September 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is 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.