Kestra Investment Management LLC Purchases 7,654 Shares of First Industrial Realty Trust, Inc. $FR

Key Points

• Kestra Investment Management LLC increased its stake in First Industrial Realty Trust by 207.6%, owning 11,341 shares worth approximately $609,000.
• First Industrial Realty Trust announced a quarterly dividend of $0.445 per share, with a yield of 3.4% and a dividend payout ratio of 86.83%.
• Analysts have generally given First Industrial Realty Trust a consensus rating of "Hold", with an average price target of $54.80 per share.

Kestra Investment Management LLC increased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 207.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,341 shares of the real estate investment trust's stock after acquiring an additional 7,654 shares during the period. Kestra Investment Management LLC's holdings in First Industrial Realty Trust were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in First Industrial Realty Trust by 26.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,935 shares of the real estate investment trust's stock worth $536,000 after buying an additional 2,106 shares in the last quarter. GAMMA Investing LLC grew its stake in First Industrial Realty Trust by 55.4% in the 1st quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust's stock worth $91,000 after buying an additional 599 shares in the last quarter. Summit Trail Advisors LLC grew its stake in First Industrial Realty Trust by 155.1% in the 1st quarter. Summit Trail Advisors LLC now owns 10,718 shares of the real estate investment trust's stock worth $583,000 after buying an additional 6,516 shares in the last quarter. SG Americas Securities LLC purchased a new position in First Industrial Realty Trust in the 1st quarter worth approximately $481,000. Finally, ProShare Advisors LLC grew its stake in First Industrial Realty Trust by 7.3% in the 4th quarter. ProShare Advisors LLC now owns 6,192 shares of the real estate investment trust's stock worth $310,000 after buying an additional 423 shares in the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Trading Down 0.9%

FR traded down $0.48 during trading on Friday, hitting $52.16. 759,288 shares of the stock traded hands, compared to its average volume of 1,233,960. The firm has a market capitalization of $6.91 billion, a P/E ratio of 25.44 and a beta of 1.08. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50-day moving average of $49.96 and a 200 day moving average of $50.28. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. The business had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 EPS. 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 EPS for the current 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%.

Analyst Upgrades and Downgrades

FR has been the subject of a number of research reports. Wall Street Zen raised shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Mizuho increased their target price 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. Wells Fargo & Company reduced their target price on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Finally, Scotiabank increased their target price on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a report on Wednesday, August 27th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, First Industrial Realty Trust presently has an average rating of "Hold" and a consensus 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.