First Industrial Realty Trust, Inc. $FR Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 0.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,947,861 shares of the real estate investment trust’s stock after selling 10,270 shares during the period. Dimensional Fund Advisors LP owned about 1.47% of First Industrial Realty Trust worth $105,104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FR. First Trust Advisors LP lifted its position in shares of First Industrial Realty Trust by 67.6% during the 4th quarter. First Trust Advisors LP now owns 70,487 shares of the real estate investment trust’s stock valued at $3,534,000 after acquiring an additional 28,432 shares during the last quarter. MetLife Investment Management LLC grew its position in First Industrial Realty Trust by 8.4% during the 4th quarter. MetLife Investment Management LLC now owns 78,487 shares of the real estate investment trust’s stock worth $3,935,000 after purchasing an additional 6,077 shares in the last quarter. MML Investors Services LLC grew its position in First Industrial Realty Trust by 5.0% during the 4th quarter. MML Investors Services LLC now owns 39,398 shares of the real estate investment trust’s stock worth $1,975,000 after purchasing an additional 1,875 shares in the last quarter. Tower Research Capital LLC TRC grew its position in First Industrial Realty Trust by 14.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,830 shares of the real estate investment trust’s stock worth $443,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of First Industrial Realty Trust by 0.9% in the fourth quarter. Stifel Financial Corp now owns 26,121 shares of the real estate investment trust’s stock worth $1,309,000 after buying an additional 222 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Up 4.1%

FR stock opened at $51.5620 on Friday. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 25.15 and a beta of 1.04. The company has a 50 day moving average of $49.17 and a two-hundred day moving average of $50.60.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company 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 company’s revenue 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. On average, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 30th. First Industrial Realty Trust’s payout ratio is currently 86.83%.

Wall Street Analyst Weigh In

Several analysts have recently commented on FR shares. Robert W. Baird decreased their target price on First Industrial Realty Trust from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company decreased their target price on First Industrial Realty Trust from $57.00 to $54.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Scotiabank raised their target price on First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Barclays decreased their target price on First Industrial Realty Trust from $56.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 30th. Finally, Royal Bank Of Canada decreased their target price on First Industrial Realty Trust from $62.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.10.

First Industrial Realty Trust 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.