Jane Street Group LLC Acquires 285,785 Shares of First Industrial Realty Trust, Inc. $FR

Key Points

• Jane Street Group LLC significantly increased its holdings in First Industrial Realty Trust by purchasing an additional 285,785 shares, raising its position by 2,549.4% during the first quarter.
• First Industrial Realty Trust recently reported a quarterly earnings per share (EPS) of $0.76, beating analyst estimates and reflecting a 9.8% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.445 per share, with a yield of 3.4%, and a payout ratio of approximately 86.83%.

Jane Street Group LLC lifted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 2,549.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 296,995 shares of the real estate investment trust's stock after purchasing an additional 285,785 shares during the period. Jane Street Group LLC owned 0.22% of First Industrial Realty Trust worth $16,026,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in First Industrial Realty Trust by 15.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 979,146 shares of the real estate investment trust's stock valued at $52,835,000 after buying an additional 133,020 shares during the last quarter. Woodline Partners LP boosted its position in shares of First Industrial Realty Trust by 182.0% during the 1st quarter. Woodline Partners LP now owns 795,709 shares of the real estate investment trust's stock worth $42,936,000 after acquiring an additional 513,505 shares in the last quarter. United Services Automobile Association bought a new position in First Industrial Realty Trust in the 1st quarter valued at approximately $463,000. Great Lakes Advisors LLC lifted its stake in First Industrial Realty Trust by 0.5% in the 1st quarter. Great Lakes Advisors LLC now owns 49,137 shares of the real estate investment trust's stock valued at $2,651,000 after purchasing an additional 236 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in First Industrial Realty Trust in the 1st quarter valued at approximately $612,000. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock opened at $52.16 on Monday. The firm's 50 day simple moving average is $50.02 and its 200 day simple moving average is $50.16. 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 firm has a market capitalization of $6.91 billion, a PE ratio of 25.44 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.

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 earnings per share (EPS) for the quarter, beating 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 company had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. During the same quarter in the prior year, the company earned $0.66 EPS. The firm's revenue was up 9.8% on a year-over-year basis. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. As a group, analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.78 annualized dividend and a yield of 3.4%. First Industrial Realty Trust's dividend payout ratio is presently 86.83%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FR. Scotiabank upped their price target on shares of 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. Wall Street Zen upgraded shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Mizuho lifted their price objective on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Monday, September 8th. Finally, Wells Fargo & Company lowered their price objective on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $54.80.

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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