First Industrial Realty Trust, Inc. $FR Shares Sold by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. reduced its stake in First Industrial Realty Trust by 8.1%, leaving it with 1.673 million shares valued at approximately $88 million.
• First Industrial Realty Trust reported a quarterly earnings per share (EPS) of $0.76, exceeding estimates, and expects a full-year 2025 EPS of between $2.880 and $2.960.
• The company declared a quarterly dividend of $0.445 per share, representing an annualized dividend yield of 3.5%, with payment scheduled for October 20th.

Ameriprise Financial Inc. lowered its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 8.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,673,325 shares of the real estate investment trust's stock after selling 148,350 shares during the period. Ameriprise Financial Inc. owned 1.26% of First Industrial Realty Trust worth $88,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake 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 worth $25,000 after buying an additional 225 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of First Industrial Realty Trust in the 1st quarter valued at $26,000. Parallel Advisors LLC lifted its stake in shares of 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 purchasing an additional 821 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of First Industrial Realty Trust in the 1st quarter valued at $69,000. Finally, Fifth Third Bancorp lifted its stake in shares of First Industrial Realty Trust by 22.2% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Price Performance

FR stock opened at $51.2940 on Tuesday. 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 capitalization of $6.79 billion, a PE ratio of 25.02 and a beta of 1.04. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17. The business's fifty day moving average price is $49.21 and its 200 day moving average price is $50.55.

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

First Industrial Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 30th. First Industrial Realty Trust's payout ratio is currently 86.83%.

Analysts Set New Price Targets

FR has been the topic of several recent analyst reports. Wells Fargo & Company decreased 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 note on Monday, May 19th. Truist Financial decreased their price target on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Barclays decreased their price target on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. decreased their price target on First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $55.10.

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.

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