First Industrial Realty Trust, Inc. $FR Shares Acquired by Amundi

Amundi grew its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,191 shares of the real estate investment trust’s stock after purchasing an additional 3,080 shares during the period. Amundi owned about 0.16% of First Industrial Realty Trust worth $10,616,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FR. Mercer Global Advisors Inc. ADV purchased a new stake in First Industrial Realty Trust during the fourth quarter valued at about $218,000. Captrust Financial Advisors acquired a new stake in shares of First Industrial Realty Trust during the fourth quarter valued at approximately $203,000. Cetera Investment Advisers lifted its position in shares of First Industrial Realty Trust by 6.6% in the 4th quarter. Cetera Investment Advisers now owns 19,280 shares of the real estate investment trust’s stock valued at $967,000 after acquiring an additional 1,193 shares in the last quarter. Focus Partners Wealth lifted its position in shares of First Industrial Realty Trust by 1.0% in the 4th quarter. Focus Partners Wealth now owns 88,265 shares of the real estate investment trust’s stock valued at $4,425,000 after acquiring an additional 855 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new position in First Industrial Realty Trust in the 4th quarter worth approximately $619,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wall Street Zen raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Mizuho lifted their price target on First Industrial Realty Trust from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Monday. Wells Fargo & Company reduced their price objective 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. Finally, Scotiabank lifted 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, August 27th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $54.80.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $51.24 on Wednesday. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 25.00 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17. 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 business has a fifty day simple moving average of $49.86 and a 200 day simple moving average of $50.30.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.04. The company had revenue of $180.16 million for the quarter, compared to analyst estimates of $176.46 million. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%.The business’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. As a group, sell-side analysts predict 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%.

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.