Voya Investment Management LLC Purchases 10,518 Shares of First Industrial Realty Trust, Inc. $FR

Key Points

• Voya Investment Management LLC increased its holdings in First Industrial Realty Trust by 4.3%, now owning approximately 0.19% of the firm, valued at $13.87 million.
• First Industrial Realty Trust reported a $0.76 EPS for the last quarter, exceeding analysts' expectations, with revenue growth of 9.8% year-over-year.
• The company declared a quarterly dividend of $0.445 per share, with an annualized yield of 3.4%, to be paid on October 20th.

Voya Investment Management LLC raised its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 4.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 257,054 shares of the real estate investment trust's stock after purchasing an additional 10,518 shares during the period. Voya Investment Management LLC owned 0.19% of First Industrial Realty Trust worth $13,871,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cbre Investment Management Listed Real Assets LLC increased its stake in First Industrial Realty Trust by 381.2% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,070,197 shares of the real estate investment trust's stock valued at $111,708,000 after purchasing an additional 1,639,952 shares in the last quarter. Millennium Management LLC lifted its holdings in First Industrial Realty Trust by 159.5% during the first quarter. Millennium Management LLC now owns 2,260,701 shares of the real estate investment trust's stock valued at $121,987,000 after purchasing an additional 1,389,418 shares during the last quarter. Nuveen LLC purchased a new stake in First Industrial Realty Trust during the first quarter valued at about $42,063,000. Artemis Investment Management LLP purchased a new stake in First Industrial Realty Trust during the first quarter valued at about $40,294,000. Finally, Woodline Partners LP lifted its holdings in shares of First Industrial Realty Trust by 182.0% in the first quarter. Woodline Partners LP now owns 795,709 shares of the real estate investment trust's stock worth $42,936,000 after buying an additional 513,505 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

Analyst Ratings Changes

FR has been the topic of several recent analyst reports. Mizuho raised their target price on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, September 8th. Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, 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, August 27th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $54.80.

First Industrial Realty Trust Stock Down 1.2%

Shares of NYSE FR traded down $0.65 during mid-day trading on Friday, reaching $51.69. 1,282,582 shares of the company's stock traded hands, compared to its average volume of 880,157. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $58.17. The stock has a market cap of $6.84 billion, a P/E ratio of 25.21 and a beta of 1.08. The business has a 50-day simple moving average of $50.33 and a 200 day simple moving average of $50.08. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 1.04.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. The business had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. On average, analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 30th. First Industrial Realty Trust's payout ratio is presently 86.83%.

First Industrial Realty Trust 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.