FJ Capital Management LLC Has $2.07 Million Stake in First Industrial Realty Trust, Inc. $FR

Key Points

• FJ Capital Management LLC raised its holdings in First Industrial Realty Trust, Inc. by 76.8% in the first quarter, now owning 38,445 shares valued at approximately $2,074,000.
• Multiple institutional investors have significantly increased their positions, with Cbre Investment Management raising its stake by 381.2% during the same quarter.
• The company reported earnings of $0.76 per share for the last quarter, exceeding analysts' expectations, and has set a guidance for FY 2025 earnings between $2.880 and $2.960 EPS.

FJ Capital Management LLC increased its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 76.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,445 shares of the real estate investment trust's stock after purchasing an additional 16,704 shares during the quarter. FJ Capital Management LLC's holdings in First Industrial Realty Trust were worth $2,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FR. First Trust Advisors LP lifted its position in First Industrial Realty Trust by 67.6% in the fourth quarter. First Trust Advisors LP now owns 70,487 shares of the real estate investment trust's stock worth $3,534,000 after purchasing an additional 28,432 shares during the period. Stifel Financial Corp lifted its position in First Industrial Realty Trust by 0.9% in the fourth quarter. Stifel Financial Corp now owns 26,121 shares of the real estate investment trust's stock worth $1,309,000 after purchasing an additional 222 shares during the period. Northern Trust Corp lifted its position in First Industrial Realty Trust by 41.2% in the fourth quarter. Northern Trust Corp now owns 1,554,330 shares of the real estate investment trust's stock worth $77,919,000 after purchasing an additional 453,465 shares during the period. AQR Capital Management LLC lifted its position in First Industrial Realty Trust by 25.3% in the fourth quarter. AQR Capital Management LLC now owns 109,648 shares of the real estate investment trust's stock worth $5,493,000 after purchasing an additional 22,142 shares during the period. Finally, Freestone Grove Partners LP bought a new position in First Industrial Realty Trust in the fourth quarter worth $523,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Price Performance

Shares of First Industrial Realty Trust stock traded up $0.18 during mid-day trading on Friday, reaching $52.21. 1,122,442 shares of the stock were exchanged, compared to its average volume of 799,521. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 25.47 and a beta of 1.08. The firm has a 50-day simple moving average of $49.72 and a 200 day simple moving average of $50.40. 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 announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating 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 company had revenue of $180.16 million during the quarter, compared to analyst estimates of $176.46 million. During the same period last year, the company posted $0.66 earnings per share. The firm's quarterly 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. On average, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be paid 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 dividend payout ratio (DPR) is 86.83%.

Analyst Ratings Changes

A number of brokerages have weighed in on FR. Wells Fargo & Company lowered their price target 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. Scotiabank boosted their target price on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 27th. Finally, 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. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $54.67.

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.