EP Wealth Advisors LLC Buys Shares of 16,056 First Industrial Realty Trust, Inc. $FR

Key Points

• EP Wealth Advisors purchased 16,056 shares of First Industrial Realty Trust during the second quarter, valued at approximately $984,000. Institutional investors collectively own 99.85% of the REIT’s outstanding stock.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $67.07.
• First Industrial Realty Trust reported quarterly revenue of $194.94 million, up 8.2% year over year, but earnings per share of $0.58 missed estimates. The company declared a quarterly dividend of $0.50 per share, representing a 3.2% annualized yield.

EP Wealth Advisors LLC purchased a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 16,056 shares of the real estate investment trust's stock, valued at approximately $984,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in First Industrial Realty Trust in the third quarter worth approximately $26,000. Parallel Advisors LLC lifted its stake in First Industrial Realty Trust by 86.9% in the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 291 shares during the last quarter. Trust Co. of Vermont bought a new stake in First Industrial Realty Trust in the second quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd increased its stake in shares of First Industrial Realty Trust by 64.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 301 shares during the last quarter. Finally, Danske Bank A S acquired a new position in shares of First Industrial Realty Trust during the 3rd quarter worth $51,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FR shares. Truist Financial lifted their price objective on shares of First Industrial Realty Trust from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Wells Fargo & Company cut their target price on First Industrial Realty Trust from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Monday, June 1st. Citigroup boosted their price target on First Industrial Realty Trust from $63.00 to $72.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 28th. Barclays increased their price objective on First Industrial Realty Trust from $64.00 to $69.00 and gave the company an "equal weight" rating in a report on Thursday, July 16th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of First Industrial Realty Trust in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $67.07.

First Industrial Realty Trust Trading Up 0.0%

Shares of NYSE:FR opened at $62.94 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.44 and a current ratio of 1.44. The stock's 50-day moving average is $64.23 and its 200-day moving average is $62.12. The company has a market cap of $8.34 billion, a P/E ratio of 22.97 and a beta of 1.04. First Industrial Realty Trust, Inc. has a 52-week low of $49.58 and a 52-week high of $69.88.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.22). The business had revenue of $194.94 million for the quarter, compared to analyst estimates of $195.81 million. First Industrial Realty Trust had a return on equity of 12.99% and a net margin of 47.97%.The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share. First Industrial Realty Trust has set its FY 2026 guidance at 3.120-3.200 EPS. Equities research analysts predict that First Industrial Realty Trust, Inc. will post 3.17 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 19th. Shareholders of record on Wednesday, September 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. First Industrial Realty Trust's dividend payout ratio is 72.99%.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc NYSE: FR is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants' supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.

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