Invst LLC Buys Shares of 12,738 First Industrial Realty Trust, Inc. $FR

Key Points

• Invst LLC has invested approximately $687,000 to acquire 12,738 shares in First Industrial Realty Trust, Inc. in the first quarter.
• Several other institutional investors have also increased their stakes, indicating a strong interest in First Industrial Realty Trust, with 99.85% of shares owned by institutional investors.
• First Industrial Realty Trust recently reported a quarterly earnings per share (EPS) of $0.76, exceeding analysts' expectations, and declared a quarterly dividend of $0.445 per share.

Invst LLC purchased a new stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,738 shares of the real estate investment trust's stock, valued at approximately $687,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FR. Bessemer Group Inc. raised its position in First Industrial Realty Trust by 93.0% in the 1st 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 last quarter. Alpine Bank Wealth Management purchased a new stake in First Industrial Realty Trust in the 1st quarter valued at $26,000. Parallel Advisors LLC raised its position in First Industrial Realty Trust by 285.1% in the 1st quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 821 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in First Industrial Realty Trust in the 1st quarter valued at $69,000. Finally, Fifth Third Bancorp raised its position in First Industrial Realty Trust by 22.2% in the 1st quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Price Performance

Shares of NYSE FR traded up $0.11 during midday trading on Tuesday, hitting $52.01. The company had a trading volume of 792,708 shares, compared to its average volume of 1,227,564. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $58.17. The business has a 50-day simple moving average of $50.08 and a two-hundred day simple moving average of $50.12. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 25.37 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate 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 quarter last year, the business earned $0.66 earnings per share. The business'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 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. The ex-dividend date is Tuesday, September 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.4%. First Industrial Realty Trust's payout ratio is currently 86.83%.

Analyst Ratings Changes

FR has been the subject of a number of analyst reports. Mizuho upped their price objective on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, September 8th. Wells Fargo & Company cut their price objective on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. 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. Finally, Scotiabank upped their price objective on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average 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.