Universal Beteiligungs und Servicegesellschaft mbH Purchases New Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 128,651 shares of First Industrial Realty Trust, valued at approximately $6.94 million, representing a 0.10% ownership in the company.
• First Industrial Realty Trust reported a Q2 earnings per share (EPS) of $0.76, which surpassed analyst estimates of $0.72, and a 9.8% revenue increase compared to the same quarter last year.
• In addition to strong earnings, First Industrial Realty Trust recently declared a quarterly dividend of $0.445 per share, translating to an annualized yield of 3.57%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 128,651 shares of the real estate investment trust's stock, valued at approximately $6,942,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of First Industrial Realty Trust at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Bessemer Group Inc. lifted its stake in shares of First Industrial Realty Trust by 93.0% in the 1st quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 225 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of First Industrial Realty Trust in the 1st quarter valued at $26,000. Parallel Advisors LLC lifted its stake in shares of First Industrial Realty Trust by 285.1% in 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 period. Fifth Third Bancorp lifted its stake 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 valued at $70,000 after purchasing an additional 236 shares during the period. Finally, FIL Ltd lifted its stake in shares of First Industrial Realty Trust by 32.8% in the 4th quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 358 shares during the period. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock traded down $0.78 during midday trading on Wednesday, reaching $49.29. 906,332 shares of the company's stock were exchanged, compared to its average volume of 1,436,329. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. 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 $6.53 billion, a price-to-earnings ratio of 24.04 and a beta of 1.07. The stock's 50-day simple moving average is $49.28 and its 200 day simple moving average is $51.02.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. During the same quarter last year, the company posted $0.66 earnings per share. First Industrial Realty Trust's quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

FR has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company dropped their price objective 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. Truist Financial dropped their price objective on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, The Goldman Sachs Group dropped their price target on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $55.91.

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.