American Century Companies Inc. Buys 2,202 Shares of First Industrial Realty Trust, Inc. $FR

American Century Companies Inc. lifted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,219 shares of the real estate investment trust’s stock after acquiring an additional 2,202 shares during the quarter. American Century Companies Inc.’s holdings in First Industrial Realty Trust were worth $2,494,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of First Industrial Realty Trust by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 19,349,577 shares of the real estate investment trust’s stock worth $1,044,103,000 after acquiring an additional 158,692 shares in the last quarter. Invesco Ltd. boosted its stake in shares of First Industrial Realty Trust by 2.0% during the 1st quarter. Invesco Ltd. now owns 4,364,135 shares of the real estate investment trust’s stock worth $235,489,000 after acquiring an additional 87,229 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of First Industrial Realty Trust by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,212,857 shares of the real estate investment trust’s stock worth $119,406,000 after acquiring an additional 6,977 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of First Industrial Realty Trust by 56.1% during the 4th quarter. Deutsche Bank AG now owns 1,878,628 shares of the real estate investment trust’s stock worth $94,176,000 after acquiring an additional 675,306 shares in the last quarter. Finally, Rush Island Management LP boosted its stake in shares of First Industrial Realty Trust by 50.9% during the 4th quarter. Rush Island Management LP now owns 1,640,530 shares of the real estate investment trust’s stock worth $82,240,000 after acquiring an additional 553,567 shares in the last quarter. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

Shares of FR stock opened at $52.62 on Monday. The stock has a 50 day moving average of $49.46 and a two-hundred day moving average of $50.45. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. 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 market capitalization of $6.97 billion, a P/E ratio of 25.67 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data 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 company had revenue of $180.16 million during the quarter, compared to the consensus estimate of $176.46 million. During the same quarter last year, the company earned $0.66 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. As a group, equities analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current 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 given a $0.445 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.4%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 86.83%.

Wall Street Analysts Forecast Growth

FR has been the subject of several recent analyst reports. Robert W. Baird decreased their price target on First Industrial Realty Trust from $61.00 to $59.00 and set an “outperform” rating for the company in a research note 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 note on Monday, May 19th. Truist Financial decreased their target price on First Industrial Realty Trust from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, Scotiabank increased their target price on First Industrial Realty Trust from $51.00 to $54.00 and gave the company a “sector perform” rating in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.40.

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.