Graham Capital Management L.P. Grows Stock Holdings in First Industrial Realty Trust, Inc. $FR

Key Points

• Graham Capital Management L.P. increased its stake in First Industrial Realty Trust by 149.2% in the first quarter, acquiring an additional 18,413 shares, bringing its total holdings to 30,754 shares valued at approximately $1.66 million.
• First Industrial Realty Trust reported an earnings per share (EPS) of $0.76 for the latest quarter, exceeding analyst expectations of $0.72, with revenue increasing by 9.8% year-over-year to $180.16 million.
• The company has announced a quarterly dividend of $0.445 per share, resulting in an annualized yield of 3.5%, with the payout scheduled for October 20th.

Graham Capital Management L.P. raised its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 149.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,754 shares of the real estate investment trust's stock after purchasing an additional 18,413 shares during the period. Graham Capital Management L.P.'s holdings in First Industrial Realty Trust were worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. grew its holdings 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 valued at $25,000 after purchasing an additional 225 shares during the period. Alpine Bank Wealth Management bought a new position in shares of First Industrial Realty Trust in the first quarter worth $26,000. Parallel Advisors LLC boosted its holdings in shares of First Industrial Realty Trust by 285.1% in the first quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 821 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of First Industrial Realty Trust in the first quarter worth $69,000. Finally, Fifth Third Bancorp boosted its holdings in shares of First Industrial Realty Trust by 22.2% in the first quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust's stock worth $70,000 after acquiring an additional 236 shares during the period. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Price Performance

NYSE FR traded down $0.05 during trading hours on Monday, reaching $52.20. 132,673 shares of the stock traded hands, compared to its average volume of 1,237,581. The stock has a 50 day simple moving average of $49.72 and a two-hundred day simple moving average of $50.32. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 25.45 and a beta of 1.08.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.04. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%.The business had revenue of $180.16 million for the quarter, compared to the consensus estimate of $176.46 million. During the same quarter last year, the business posted $0.66 earnings per share. The company's revenue for the quarter 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. On average, analysts predict 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. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.4%. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 86.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Scotiabank raised their price target on First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 27th. Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Mizuho raised their price target on First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Wells Fargo & Company cut their price target on 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. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, First Industrial Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $54.80.

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.