First Industrial Realty Trust, Inc. $FR Shares Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. increased its stake in First Industrial Realty Trust by 24.5%, acquiring an additional 7,089 shares, bringing their total holdings to 35,976 shares valued at approximately $1.94 million.
• First Industrial Realty Trust reported a quarterly earnings per share of $0.76, exceeding analyst estimates of $0.72, and showed a year-over-year revenue increase of 9.8%.
• The company announced a quarterly dividend of $0.445 per share, with a dividend yield of 3.4%, set to be paid on October 20th.

Landscape Capital Management L.L.C. lifted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 24.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,976 shares of the real estate investment trust's stock after buying an additional 7,089 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in First Industrial Realty Trust were worth $1,941,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in First Industrial Realty Trust by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 19,349,577 shares of the real estate investment trust's stock valued at $1,044,103,000 after purchasing an additional 158,692 shares during the last quarter. Invesco Ltd. lifted its stake in shares of First Industrial Realty Trust by 2.0% in the first quarter. Invesco Ltd. now owns 4,364,135 shares of the real estate investment trust's stock worth $235,489,000 after buying an additional 87,229 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of First Industrial Realty Trust by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,212,857 shares of the real estate investment trust's stock worth $119,406,000 after buying an additional 6,977 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in First Industrial Realty Trust by 381.2% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,070,197 shares of the real estate investment trust's stock worth $111,708,000 after acquiring an additional 1,639,952 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in First Industrial Realty Trust by 56.1% during the 4th quarter. Deutsche Bank AG now owns 1,878,628 shares of the real estate investment trust's stock valued at $94,176,000 after acquiring an additional 675,306 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Robert W. Baird lowered their target price on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. 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. 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 upped their price objective 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 investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $55.40.

First Industrial Realty Trust Trading Up 0.5%

Shares of NYSE:FR traded up $0.23 during mid-day trading on Wednesday, reaching $51.50. 128,838 shares of the company were exchanged, compared to its average volume of 1,239,689. 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 debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 1.04. The firm's 50-day simple moving average is $49.53 and its 200 day simple moving average is $50.43. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 25.10 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $176.46 million. During the same period in the prior year, the firm earned $0.66 earnings per share. The firm's 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. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 30th. First Industrial Realty Trust's payout ratio is currently 86.83%.

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.