15,620 Shares in First Industrial Realty Trust, Inc. $FR Acquired by Nicola Wealth Management LTD.

Key Points

• Nicola Wealth Management LTD. invested approximately $843,000 in First Industrial Realty Trust, Inc., acquiring 15,620 shares in the first quarter.
• Several hedge funds increased their positions in First Industrial Realty Trust, with Bessemer Group Inc. growing its holdings by 93% during the same period.
• Analysts have mixed outlooks on the stock, with target prices ranging from $54 to $56 and a consensus rating of "Hold."

Nicola Wealth Management LTD. bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,620 shares of the real estate investment trust's stock, valued at approximately $843,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cetera Investment Advisers raised its position in shares of First Industrial Realty Trust by 1.1% during the first quarter. Cetera Investment Advisers now owns 19,500 shares of the real estate investment trust's stock worth $1,052,000 after purchasing an additional 220 shares during the period. Bessemer Group Inc. raised its position in shares of First Industrial Realty Trust by 93.0% during the first quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 225 shares during the period. Fifth Third Bancorp raised its position in shares of First Industrial Realty Trust by 22.2% during the first quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 236 shares during the period. Great Lakes Advisors LLC raised its position in shares of First Industrial Realty Trust by 0.5% during the first quarter. Great Lakes Advisors LLC now owns 49,137 shares of the real estate investment trust's stock worth $2,651,000 after purchasing an additional 236 shares during the period. Finally, Norinchukin Bank The raised its position in shares of First Industrial Realty Trust by 4.6% during the first quarter. Norinchukin Bank The now owns 6,112 shares of the real estate investment trust's stock worth $330,000 after purchasing an additional 268 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FR shares. Mizuho boosted their target price on First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an "outperform" rating in a research report on Monday, September 8th. Scotiabank upped their target price on First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 27th. Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Wells Fargo & Company dropped their target price on 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. Based on data from MarketBeat, First Industrial Realty Trust has a consensus rating of "Hold" and a consensus target price of $54.80.

First Industrial Realty Trust Stock Performance

NYSE:FR traded down $0.31 during mid-day trading on Monday, hitting $51.88. 550,175 shares of the company's stock traded hands, compared to its average volume of 1,230,052. The firm has a 50 day moving average of $50.08 and a two-hundred day moving average of $50.12. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 25.31 and a beta of 1.08. The company has a current ratio of 1.04, 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, 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. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%.The firm had revenue of $180.16 million during the quarter, compared to the consensus estimate of $176.46 million. During the same quarter in the prior year, the company earned $0.66 EPS. The firm's revenue for the quarter 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. On average, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 86.83%.

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.