Hunter Perkins Capital Management LLC Buys Shares of 15,395 First Industrial Realty Trust, Inc. $FR

Hunter Perkins Capital Management LLC purchased a new position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,395 shares of the real estate investment trust's stock, valued at approximately $746,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FR. Wealth Enhancement Advisory Services LLC raised its stake in 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 valued at $536,000 after buying an additional 2,106 shares during the last quarter. GAMMA Investing LLC boosted its position in First Industrial Realty Trust by 55.4% in the first quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust's stock worth $91,000 after purchasing an additional 599 shares during the last quarter. Summit Trail Advisors LLC grew its stake 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 valued at $583,000 after purchasing an additional 6,516 shares during the period. SG Americas Securities LLC purchased a new stake in shares of First Industrial Realty Trust during the 1st quarter valued at about $481,000. Finally, Artemis Investment Management LLP bought a new position in shares of First Industrial Realty Trust in the 1st quarter worth approximately $40,294,000. Institutional investors own 99.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FR. Wall Street Zen upgraded shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Cantor Fitzgerald started coverage on shares of First Industrial Realty Trust in a research report on Wednesday. They set a "neutral" rating and a $55.00 price objective for the company. Industrial Alliance Securities set a $55.00 price target on First Industrial Realty Trust in a report on Wednesday. Scotiabank lifted their price objective on First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 27th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of First Industrial Realty Trust in a report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, First Industrial Realty Trust presently has an average rating of "Hold" and a consensus price target of $55.00.

First Industrial Realty Trust Stock Performance

Shares of NYSE FR opened at $51.68 on Monday. The company has a market cap of $6.84 billion, a P/E ratio of 25.21 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $58.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.04 and a current ratio of 1.04. The firm's fifty day moving average is $50.67 and its two-hundred day moving average is $49.69.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its 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. The company had revenue of $180.16 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. As a group, analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is 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.

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