Universal Beteiligungs und Servicegesellschaft mbH Makes New $6.94 Million Investment 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 bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 quarter.

A number of other large investors have also recently made changes to their positions in FR. Bessemer Group Inc. raised its holdings in First Industrial Realty Trust by 93.0% in 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 in the last quarter. Alpine Bank Wealth Management purchased a new position in First Industrial Realty Trust during the 1st quarter worth $26,000. Parallel Advisors LLC grew its position 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 worth $60,000 after purchasing an additional 821 shares during the last quarter. Fifth Third Bancorp increased its stake in First Industrial Realty Trust by 22.2% during 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 in the last quarter. Finally, FIL Ltd raised its holdings in shares of First Industrial Realty Trust by 32.8% in the fourth quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust's stock worth $73,000 after buying an additional 358 shares during the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FR has been the topic of a number of research analyst reports. Truist Financial dropped their price objective on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Royal Bank Of Canada decreased their price objective on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. The Goldman Sachs Group cut their price objective on shares of 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. Scotiabank raised their target price on shares of First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, Robert W. Baird lowered their price target on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $55.91.

First Industrial Realty Trust Trading Down 0.5%

First Industrial Realty Trust stock traded down $0.27 during midday trading on Friday, hitting $49.86. 929,207 shares of the stock were exchanged, compared to its average volume of 1,627,778. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 24.32 and a beta of 1.07. The stock's 50-day simple moving average is $49.32 and its 200 day simple moving average is $51.03. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17.

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

First Industrial Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, June 30th were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.57%. First Industrial Realty Trust's dividend payout ratio is currently 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.