Nomura Holdings Inc. Reduces Position in First Industrial Realty Trust, Inc. $FR

Key Points

• Nomura Holdings Inc. significantly reduced its stake in First Industrial Realty Trust by 89.3%, selling 57,267 shares and retaining only 6,876 shares, now valued at $371,000.
• First Industrial Realty Trust reported a Q2 earnings per share (EPS) of $0.76, exceeding expectations, with a revenue of $180.16 million, which is a 9.8% increase year-over-year.
• The company has announced a quarterly dividend of $0.445 per share, with a yield of 3.4% and a payout ratio of 86.83%, to be paid on October 20th.

Nomura Holdings Inc. decreased its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 89.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,876 shares of the real estate investment trust's stock after selling 57,267 shares during the quarter. Nomura Holdings Inc.'s holdings in First Industrial Realty Trust were worth $371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in First Industrial Realty Trust by 93.0% during 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 in the last quarter. Alpine Bank Wealth Management bought a new stake in First Industrial Realty Trust during the 1st quarter valued at about $26,000. Parallel Advisors LLC raised its holdings 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 in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of First Industrial Realty Trust in the 1st quarter valued at about $69,000. Finally, Fifth Third Bancorp raised its holdings 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 in the last quarter. Institutional investors own 99.85% of the company's stock.

Wall Street Analyst Weigh In

FR has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Mizuho boosted their price target on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Monday. Wall Street Zen upgraded shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Scotiabank boosted their price target on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a report on Wednesday, August 27th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, First Industrial Realty Trust presently has an average rating of "Hold" and an average price target of $54.80.

First Industrial Realty Trust Stock Up 3.1%

Shares of NYSE FR traded up $1.57 during trading hours on Thursday, hitting $52.66. 690,226 shares of the stock were exchanged, compared to its average volume of 865,617. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a market cap of $6.97 billion, a PE ratio of 25.69 and a beta of 1.08. The firm has a fifty day moving average price of $49.96 and a 200-day moving average price of $50.28. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17.

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 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. The firm had revenue of $180.16 million during the quarter, compared to analyst estimates of $176.46 million. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. First Industrial Realty Trust's revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. On average, sell-side analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be given 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 currently 86.83%.

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.