Liberty One Investment Management LLC Has $4.70 Million Stock Holdings in First Industrial Realty Trust, Inc. $FR

Key Points

• Liberty One Investment Management LLC increased its stake in First Industrial Realty Trust by 6.4%, holding approximately $4.7 million worth of shares at the end of the second quarter.
• A number of institutional investors are actively adjusting their holdings in First Industrial Realty Trust, with significant increases from firms such as Bessemer Group Inc., which lifted its stake by 93.0%.
• First Industrial Realty Trust reported earnings of $0.76 per share for the most recent quarter, surpassing analysts' expectations, and announced a quarterly dividend of $0.445 per share with a yield of 3.2%.

Liberty One Investment Management LLC raised its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 6.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,647 shares of the real estate investment trust's stock after acquiring an additional 5,835 shares during the quarter. Liberty One Investment Management LLC owned about 0.07% of First Industrial Realty Trust worth $4,700,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FR. Bessemer Group Inc. lifted its stake in First Industrial Realty Trust by 93.0% in the first quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 225 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in First Industrial Realty Trust in the first quarter valued at approximately $26,000. IFP Advisors Inc lifted its stake in First Industrial Realty Trust by 272.5% in the second quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust's stock valued at $64,000 after acquiring an additional 973 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in First Industrial Realty Trust in the first quarter valued at approximately $69,000. Finally, Fifth Third Bancorp lifted its stake in First Industrial Realty Trust by 15.9% in the second quarter. Fifth Third Bancorp now owns 1,503 shares of the real estate investment trust's stock valued at $72,000 after acquiring an additional 206 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FR has been the subject of a number of analyst reports. Cantor Fitzgerald initiated coverage on shares of First Industrial Realty Trust in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $55.00 target price for the company. Weiss Ratings restated a "hold (c)" rating on shares of First Industrial Realty Trust in a research note on Wednesday, October 8th. Industrial Alliance Securities set a $55.00 price objective on shares of First Industrial Realty Trust in a research note on Wednesday, October 1st. Royal Bank Of Canada restated an "outperform" rating and issued a $60.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, September 29th. Finally, Scotiabank boosted 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 note on Wednesday, August 27th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $55.00.

First Industrial Realty Trust Trading Up 1.7%

Shares of FR stock opened at $56.06 on Tuesday. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17. The firm's fifty day simple moving average is $51.58 and its 200 day simple moving average is $49.66. The firm has a market capitalization of $7.42 billion, a P/E ratio of 31.32 and a beta of 1.07. The company has a current ratio of 0.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. First Industrial Realty Trust had a net margin of 33.18% and a return on equity of 8.65%. The business had revenue of $181.43 million for the quarter, compared to analyst estimates of $182.63 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. First Industrial Realty Trust's revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. As a group, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Tuesday, September 30th were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.2%. First Industrial Realty Trust's payout ratio is 99.44%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.