Campbell & CO Investment Adviser LLC Boosts Stake in First Industrial Realty Trust, Inc. $FR

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in First Industrial Realty Trust by 25.3%, bringing its total holdings to 40,674 shares valued at approximately $2.2 million.
• First Industrial Realty Trust's stock rating has been adjusted by various analysts, with five giving a buy rating and six a hold rating, while the average price target is set at $55.10.
• The company reported $0.76 EPS for its latest quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.445 per share with a yield of 3.5%.

Campbell & CO Investment Adviser LLC lifted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 25.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,674 shares of the real estate investment trust's stock after buying an additional 8,205 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in First Industrial Realty Trust were worth $2,195,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. boosted its position in First Industrial Realty Trust by 93.0% during the first quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 225 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in First Industrial Realty Trust during the first quarter valued at about $26,000. Parallel Advisors LLC boosted its position in First Industrial Realty Trust by 285.1% during the first quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 821 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in First Industrial Realty Trust during the first quarter valued at about $69,000. Finally, Fifth Third Bancorp boosted its position in First Industrial Realty Trust by 22.2% during the first quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 236 shares in the last quarter. Institutional investors own 99.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FR shares. Barclays dropped their price objective on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird dropped their price objective on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. Truist Financial dropped their price objective on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Scotiabank raised their price objective on First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a research report on Wednesday. Finally, Wells Fargo & Company dropped their price objective on 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. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $55.40.

First Industrial Realty Trust Stock Performance

Shares of NYSE:FR traded down $0.17 during trading on Thursday, hitting $52.27. The stock had a trading volume of 677,599 shares, compared to its average volume of 1,250,470. 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 $6.92 billion, a price-to-earnings ratio of 25.50 and a beta of 1.04. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a 50-day simple moving average of $49.39 and a two-hundred day simple moving average of $50.54.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced 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. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%.The firm had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. During the same period last year, the business posted $0.66 earnings per share. The company's revenue for the quarter 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. On average, equities 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be given a $0.445 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.4%. First Industrial Realty Trust's payout ratio 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.