Focus Partners Wealth Raises Stock Holdings in First Industrial Realty Trust, Inc. $FR

Focus Partners Wealth increased its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 1.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 89,162 shares of the real estate investment trust’s stock after purchasing an additional 897 shares during the quarter. Focus Partners Wealth owned 0.07% of First Industrial Realty Trust worth $4,811,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FR. Bessemer Group Inc. grew its position in 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 acquiring an additional 225 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in First Industrial Realty Trust in the first quarter valued at about $26,000. Parallel Advisors LLC raised its stake in shares of First Industrial Realty Trust by 285.1% in the first 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. Harvest Fund Management Co. Ltd purchased a new position in shares of First Industrial Realty Trust in the first quarter worth about $69,000. Finally, Fifth Third Bancorp grew its holdings in First Industrial Realty Trust by 22.2% during the first quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 236 shares during the period. Institutional investors own 99.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on FR shares. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. 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 report on Wednesday, August 27th. Mizuho lifted their target price on First Industrial Realty Trust from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, September 8th. Finally, Wells Fargo & Company reduced their target price on First Industrial Realty Trust from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, May 19th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Hold” and an average price target of $54.80.

First Industrial Realty Trust Stock Down 0.9%

First Industrial Realty Trust stock opened at $52.16 on Monday. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two 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 company has a market capitalization of $6.91 billion, a P/E ratio of 25.44 and a beta of 1.08. The stock has a 50-day simple moving average of $50.02 and a 200-day simple moving average of $50.16.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. The business had revenue of $180.16 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. Equities research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 30th. First Industrial Realty Trust’s dividend payout ratio is 86.83%.

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.