Jane Street Group LLC Boosts Stock Holdings in First Industrial Realty Trust, Inc. $FR

Key Points

• Jane Street Group LLC increased its stake in First Industrial Realty Trust by 2,777.7% in the first quarter, owning approximately $17.4 million worth of shares following the acquisition of 311,385 shares.
• First Industrial Realty Trust reported a 9.8% year-over-year increase in revenue for the most recent quarter, with earnings per share coming in at $0.76, beating estimates by $0.04.
• The company declared a quarterly dividend of $0.445 per share, which will be paid on October 20th, resulting in an annualized yield of 3.4%.

Jane Street Group LLC lifted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 2,777.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 322,595 shares of the real estate investment trust's stock after purchasing an additional 311,385 shares during the period. Jane Street Group LLC owned 0.24% of First Industrial Realty Trust worth $17,407,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Synovus Financial Corp raised its position in shares of First Industrial Realty Trust by 14.5% during the 1st quarter. Synovus Financial Corp now owns 16,623 shares of the real estate investment trust's stock valued at $897,000 after buying an additional 2,105 shares during the period. Walleye Capital LLC purchased a new stake in shares of First Industrial Realty Trust during the 1st quarter valued at approximately $219,000. Campbell & CO Investment Adviser LLC raised its position in shares of First Industrial Realty Trust by 25.3% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 40,674 shares of the real estate investment trust's stock valued at $2,195,000 after buying an additional 8,205 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its position in shares of First Industrial Realty Trust by 381.2% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,070,197 shares of the real estate investment trust's stock valued at $111,708,000 after buying an additional 1,639,952 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of First Industrial Realty Trust by 11.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 14,563 shares of the real estate investment trust's stock valued at $786,000 after buying an additional 1,471 shares during the period. Hedge funds and other institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Trading Up 0.3%

NYSE FR traded up $0.18 on Thursday, reaching $52.04. The stock had a trading volume of 1,576,162 shares, compared to its average volume of 748,873. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 25.38 and a beta of 1.08. 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 12-month low of $40.31 and a 12-month high of $58.17. The stock has a fifty day moving average price of $49.65 and a two-hundred day moving average price of $50.42.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.04. The company had revenue of $180.16 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company 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, sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.4%. First Industrial Realty Trust's dividend payout ratio is currently 86.83%.

Analysts Set New Price Targets

Several research firms have recently commented on FR. Wells Fargo & Company reduced their price target 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. Wall Street Zen raised shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Scotiabank lifted 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. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, First Industrial Realty Trust has a consensus rating of "Hold" and an average price target of $55.40.

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.