United Services Automobile Association Takes Position in First Industrial Realty Trust, Inc. $FR

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 acquired a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,637 shares of the real estate investment trust's stock, valued at approximately $463,000.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of First Industrial Realty Trust by 26.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,935 shares of the real estate investment trust's stock valued at $536,000 after purchasing an additional 2,106 shares during the period. GAMMA Investing LLC raised its holdings in shares of First Industrial Realty Trust by 55.4% during the first quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust's stock valued at $91,000 after purchasing an additional 599 shares during the period. Summit Trail Advisors LLC lifted its position in First Industrial Realty Trust by 155.1% in the 1st quarter. Summit Trail Advisors LLC now owns 10,718 shares of the real estate investment trust's stock valued at $583,000 after acquiring an additional 6,516 shares in the last quarter. SG Americas Securities LLC bought a new position in First Industrial Realty Trust in the 1st quarter valued at about $481,000. Finally, ProShare Advisors LLC lifted its position in First Industrial Realty Trust by 7.3% in the 4th quarter. ProShare Advisors LLC now owns 6,192 shares of the real estate investment trust's stock valued at $310,000 after acquiring an additional 423 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on FR shares. Wells Fargo & Company dropped their price target on shares of 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. 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. Scotiabank raised 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. Finally, Mizuho raised their price target 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. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, First Industrial Realty Trust currently has a consensus rating of "Hold" and an average target price of $54.80.

First Industrial Realty Trust Trading Down 0.3%

NYSE:FR opened at $51.12 on Thursday. 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 $6.77 billion, a price-to-earnings ratio of 24.94 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. The firm has a 50-day moving average price of $49.89 and a two-hundred day moving average price of $50.31.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted 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. The firm had revenue of $180.16 million during the quarter, compared to analyst estimates of $176.46 million. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. On average, equities analysts expect 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. Shareholders 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 annualized dividend and a yield of 3.5%. First Industrial Realty Trust's dividend payout ratio (DPR) is 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.

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