Graham Capital Management L.P. Boosts 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. lifted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 149.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Quarry LP increased its stake in First Industrial Realty Trust by 376.6% during the 1st quarter. Quarry LP now owns 8,184 shares of the real estate investment trust's stock worth $442,000 after buying an additional 6,467 shares in the last quarter. Baird Financial Group Inc. increased its stake in First Industrial Realty Trust by 8.3% during the 1st quarter. Baird Financial Group Inc. now owns 53,425 shares of the real estate investment trust's stock worth $2,883,000 after buying an additional 4,094 shares in the last quarter. Evergreen Capital Management LLC increased its stake in First Industrial Realty Trust by 36.7% during the 1st quarter. Evergreen Capital Management LLC now owns 6,834 shares of the real estate investment trust's stock worth $372,000 after buying an additional 1,833 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of First Industrial Realty Trust by 11.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,055,991 shares of the real estate investment trust's stock worth $56,981,000 after purchasing an additional 106,806 shares during the last quarter. Finally, HGI Capital Management LLC boosted its holdings in shares of First Industrial Realty Trust by 237.9% during the 1st quarter. HGI Capital Management LLC now owns 123,928 shares of the real estate investment trust's stock worth $6,687,000 after purchasing an additional 87,248 shares during the last quarter. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Trading Up 0.4%

First Industrial Realty Trust stock traded up $0.18 during mid-day trading on Friday, hitting $52.21. The company's stock had a trading volume of 1,122,442 shares, compared to its average volume of 799,521. The firm has a market capitalization of $6.91 billion, a PE ratio of 25.47 and a beta of 1.08. 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 current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock's fifty day moving average is $49.72 and its two-hundred day moving average is $50.36.

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

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors 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 presently 86.83%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FR shares. Wells Fargo & Company lowered their target price on First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Scotiabank boosted their target price 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. Finally, Wall Street Zen upgraded First Industrial Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $54.67.

About First Industrial Realty Trust

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.