8,637 Shares in First Industrial Realty Trust, Inc. $FR Bought by United Services Automobile Association

Key Points

• The United Services Automobile Association has acquired a new stake in First Industrial Realty Trust, Inc., purchasing 8,637 shares valued at approximately $463,000.
• Wells Fargo & Company has revised its price target for First Industrial Realty Trust from $57.00 to $54.00, while other analysts have made various ratings adjustments.
• First Industrial Realty Trust announced a quarterly dividend of $0.445 per share, payable on October 20th, which represents a 3.5% yield.

United Services Automobile Association bought a new position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,637 shares of the real estate investment trust's stock, valued at approximately $463,000.

Several other large investors have also recently made changes to their positions in FR. Bessemer Group Inc. increased its stake 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 acquiring an additional 225 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in First Industrial Realty Trust during the first quarter worth approximately $26,000. Parallel Advisors LLC increased its stake in First Industrial Realty Trust by 285.1% during the first quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 821 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in First Industrial Realty Trust during the first quarter worth approximately $69,000. Finally, Fifth Third Bancorp grew its stake 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 valued at $70,000 after buying an additional 236 shares during the last quarter. 99.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FR has been the topic of a number of analyst reports. Wells Fargo & Company cut 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 note on Monday, May 19th. Mizuho increased their price objective on First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an "outperform" rating in a research note on Monday, September 8th. Scotiabank increased their price objective on 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. Finally, Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of "Hold" and an average target price of $54.80.

First Industrial Realty Trust Stock Down 0.2%

First Industrial Realty Trust stock traded down $0.12 during mid-day trading on Tuesday, reaching $51.78. 155,427 shares of the company were exchanged, compared to its average volume of 1,223,823. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17. The business has a fifty day moving average of $50.08 and a 200 day moving average of $50.12. 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 market cap of $6.86 billion, a P/E ratio of 25.25 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued 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 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 analyst estimates of $176.46 million. During the same quarter in the prior year, the business posted $0.66 EPS. The business'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. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be paid a $0.445 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.4%. First Industrial Realty Trust's dividend payout ratio (DPR) is 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.