13,292 Shares in First Industrial Realty Trust, Inc. $FR Bought by Ieq Capital LLC

Key Points

• Ieq Capital LLC has acquired a new stake in First Industrial Realty Trust, purchasing 13,292 shares valued at approximately $717,000.
• Multiple hedge funds have increased their positions in First Industrial Realty Trust, with Bessemer Group Inc. growing its stake by 93.0% during the same quarter.
• First Industrial Realty Trust reported earnings of $0.76 EPS, exceeding analyst expectations, and has declared a quarterly dividend of $0.445 with a yield of 3.5%.

Ieq Capital LLC acquired a new stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,292 shares of the real estate investment trust's stock, valued at approximately $717,000.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of First Industrial Realty Trust by 26.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,935 shares of the real estate investment trust's stock valued at $536,000 after acquiring an additional 2,106 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 valued at $91,000 after acquiring an additional 599 shares during the period. Summit Trail Advisors LLC boosted its position in shares of First Industrial Realty Trust by 155.1% in the first quarter. Summit Trail Advisors LLC now owns 10,718 shares of the real estate investment trust's stock valued at $583,000 after acquiring an additional 6,516 shares during the period. SG Americas Securities LLC acquired a new position in shares of First Industrial Realty Trust in the first quarter valued at $481,000. Finally, ProShare Advisors LLC raised its stake in shares of First Industrial Realty Trust by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 6,192 shares of the real estate investment trust's stock valued at $310,000 after purchasing an additional 423 shares in the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock traded down $0.42 during mid-day trading on Monday, hitting $51.84. 51,824 shares of the company were exchanged, compared to its average volume of 1,237,104. 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 business has a fifty day moving average of $49.72 and a 200 day 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 market capitalization of $6.86 billion, a PE ratio of 25.29 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its 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 company had revenue of $180.16 million during the quarter, compared to analyst estimates of $176.46 million. During the same period last year, the company posted $0.66 earnings per share. The firm's quarterly revenue 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. As a group, sell-side analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, September 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 86.83%.

Analysts Set New Price Targets

A number of research analysts recently commented on FR shares. Wall Street Zen upgraded First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Scotiabank upped their target price on First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 27th. Wells Fargo & Company cut their target price on First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Finally, Mizuho upped their target price on First Industrial Realty Trust from $53.00 to $56.00 and gave the company an "outperform" rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.