UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Position in First Industrial Realty Trust, Inc. $FR

Key Points

• UBS Asset Management increased its position in First Industrial Realty Trust by 15.7% in Q1, owning 979,146 shares valued at approximately $52.84 million as of its latest SEC filing.
• Equities analysts have varying opinions on the stock, with Mizuho raising its target price from $53.00 to $56.00 and Wells Fargo lowering it to $54.00, while the average target price stands at $54.80.
• First Industrial Realty Trust announced a quarterly dividend of $0.445 per share, which translates to an annual yield of 3.4%, to be paid on October 20th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 979,146 shares of the real estate investment trust's stock after acquiring an additional 133,020 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.74% of First Industrial Realty Trust worth $52,835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FR. Bessemer Group Inc. grew its position in 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 buying an additional 225 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of First Industrial Realty Trust in the 1st quarter valued at about $26,000. Parallel Advisors LLC boosted its stake in First Industrial Realty Trust by 285.1% during the 1st quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 821 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of First Industrial Realty Trust during the 1st quarter worth approximately $69,000. Finally, Fifth Third Bancorp raised its holdings in shares of First Industrial Realty Trust by 22.2% in the 1st 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. 99.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on FR shares. Scotiabank upped 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. Mizuho boosted their price objective on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the company an "outperform" rating in a research report on Monday, September 8th. Wells Fargo & Company dropped their price objective 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, Wall Street Zen upgraded shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $54.80.

First Industrial Realty Trust Stock Performance

Shares of FR stock traded up $0.11 during mid-day trading on Tuesday, reaching $52.01. 792,708 shares of the company's stock traded hands, compared to its average volume of 874,444. The firm has a market capitalization of $6.89 billion, a PE ratio of 25.37 and a beta of 1.08. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50 day moving average price of $50.15 and a two-hundred day moving average price of $50.14. 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 released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.72 by $0.04. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The business 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 firm earned $0.66 EPS. The business's revenue was up 9.8% on a year-over-year basis. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. On average, 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 business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be issued a $0.445 dividend. 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 (DPR) 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.