Groupe la Francaise Invests $536,000 in First Industrial Realty Trust, Inc. $FR

Key Points

• Groupe la Francaise has acquired $536,000 worth of shares in First Industrial Realty Trust, buying 9,885 shares in the first quarter.
• Institutional investors now hold 99.85% of the company's stock, indicating strong confidence in First Industrial Realty Trust's prospects.
• First Industrial Realty Trust recently declared a quarterly dividend of $0.445 per share, providing an annualized yield of 3.5%.

Groupe la Francaise purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,885 shares of the real estate investment trust's stock, valued at approximately $536,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of First Industrial Realty Trust by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 19,349,577 shares of the real estate investment trust's stock valued at $1,044,103,000 after buying an additional 158,692 shares in the last quarter. Invesco Ltd. lifted its stake in shares of First Industrial Realty Trust by 2.0% during the 1st quarter. Invesco Ltd. now owns 4,364,135 shares of the real estate investment trust's stock valued at $235,489,000 after buying an additional 87,229 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of First Industrial Realty Trust by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,212,857 shares of the real estate investment trust's stock valued at $119,406,000 after buying an additional 6,977 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of First Industrial Realty Trust by 56.1% during the 4th quarter. Deutsche Bank AG now owns 1,878,628 shares of the real estate investment trust's stock valued at $94,176,000 after buying an additional 675,306 shares in the last quarter. Finally, Rush Island Management LP lifted its stake in shares of First Industrial Realty Trust by 50.9% during the 4th quarter. Rush Island Management LP now owns 1,640,530 shares of the real estate investment trust's stock valued at $82,240,000 after buying an additional 553,567 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FR shares. Scotiabank lifted their price target on shares of First Industrial Realty Trust from $50.00 to $51.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Royal Bank Of Canada reduced their target price on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. reduced their target price on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Truist Financial reduced their target price on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Robert W. Baird reduced their target price on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. Five 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 presently has an average rating of "Hold" and a consensus target price of $55.10.

First Industrial Realty Trust Price Performance

FR stock opened at $51.5620 on Monday. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month 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 company has a 50-day moving average price of $49.17 and a 200 day moving average price of $50.57. The stock has a market cap of $6.83 billion, a PE ratio of 25.15 and a beta of 1.04.

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 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the company earned $0.66 EPS. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. Equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

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

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.

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