Raymond James Financial Inc. Buys 7,899 Shares of First Industrial Realty Trust, Inc. $FR

Raymond James Financial Inc. boosted its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 6.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 136,658 shares of the real estate investment trust's stock after buying an additional 7,899 shares during the period. Raymond James Financial Inc. owned approximately 0.10% of First Industrial Realty Trust worth $7,375,000 as of its most recent filing with the SEC.

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

First Industrial Realty Trust Price Performance

Shares of First Industrial Realty Trust stock traded up $0.18 on Friday, reaching $52.21. 1,122,442 shares of the stock were exchanged, compared to its average volume of 799,521. The firm's 50 day moving average is $49.72 and its 200-day moving average is $50.36. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $58.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $6.91 billion, a PE ratio of 25.47 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The company had revenue of $180.16 million during the quarter, compared to the consensus estimate of $176.46 million. During the same quarter in the prior year, the firm posted $0.66 EPS. The firm's quarterly revenue was up 9.8% on a year-over-year basis. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. As a group, analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders 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 dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 30th. First Industrial Realty Trust's dividend payout ratio is 86.83%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FR. Wells Fargo & Company decreased their target price on shares of 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. 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. Finally, Scotiabank increased their target price on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, First Industrial Realty Trust currently has an average rating of "Hold" and an average price target of $54.67.

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.