Dimensional Fund Advisors LP Has $105.10 Million Holdings in First Industrial Realty Trust, Inc. $FR

Key Points

• Dimensional Fund Advisors LP reduced its stake in First Industrial Realty Trust, selling 10,270 shares, resulting in ownership of about 1.47% worth $105.1 million.
• First Industrial Realty Trust recently reported an earnings per share (EPS) of $0.76, exceeding analysts' expectations, and has raised its FY 2025 EPS guidance to between 2.880 and 2.960.
• The company announced a quarterly dividend of $0.445, translating to an annualized dividend of $1.78 and a yield of 3.5%, with a payout ratio of 86.83%.

Dimensional Fund Advisors LP lowered its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,947,861 shares of the real estate investment trust's stock after selling 10,270 shares during the period. Dimensional Fund Advisors LP owned approximately 1.47% of First Industrial Realty Trust worth $105,104,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FR. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First Industrial Realty Trust by 26.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,935 shares of the real estate investment trust's stock worth $536,000 after acquiring an additional 2,106 shares during the period. GAMMA Investing LLC lifted its holdings in shares of First Industrial Realty Trust by 55.4% during the 1st quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust's stock worth $91,000 after acquiring an additional 599 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of First Industrial Realty Trust by 155.1% during the 1st quarter. Summit Trail Advisors LLC now owns 10,718 shares of the real estate investment trust's stock worth $583,000 after acquiring an additional 6,516 shares during the period. SG Americas Securities LLC bought a new stake in shares of First Industrial Realty Trust during the 1st quarter worth approximately $481,000. Finally, ProShare Advisors LLC lifted its holdings in shares of First Industrial Realty Trust by 7.3% during the 4th quarter. ProShare Advisors LLC now owns 6,192 shares of the real estate investment trust's stock worth $310,000 after acquiring an additional 423 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Trading Down 0.8%

NYSE FR traded down $0.44 on Thursday, hitting $52.00. The company's stock had a trading volume of 297,113 shares, compared to its average volume of 1,247,953. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $58.17. The company's 50-day moving average is $49.33 and its 200 day moving average is $50.56. The firm has a market cap of $6.89 billion, a PE ratio of 25.35 and a beta of 1.04.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings results 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. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The firm had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. During the same period in the prior year, the company posted $0.66 EPS. The company's 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 predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

FR has been the subject of a number of recent analyst reports. Robert W. Baird cut their price target on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. Wall Street Zen raised shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Barclays cut their price target on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Truist Financial cut their price target on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Wells Fargo & Company dropped their price objective on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $55.40.

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.