DekaBank Deutsche Girozentrale Sells 4,831 Shares of First Industrial Realty Trust, Inc. $FR

DekaBank Deutsche Girozentrale trimmed its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 5.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,364 shares of the real estate investment trust’s stock after selling 4,831 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.06% of First Industrial Realty Trust worth $4,041,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Chicago Partners Investment Group LLC bought a new position in shares of First Industrial Realty Trust in the 2nd quarter worth $379,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in First Industrial Realty Trust in the 2nd quarter valued at $16,239,000. Allianz Asset Management GmbH increased its position in shares of First Industrial Realty Trust by 36.7% during the 2nd quarter. Allianz Asset Management GmbH now owns 837,884 shares of the real estate investment trust’s stock valued at $40,327,000 after purchasing an additional 224,747 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of First Industrial Realty Trust by 3.8% during the 2nd quarter. New York State Teachers Retirement System now owns 49,981 shares of the real estate investment trust’s stock valued at $2,406,000 after purchasing an additional 1,807 shares during the last quarter. Finally, Moran Wealth Management LLC purchased a new stake in shares of First Industrial Realty Trust during the 2nd quarter valued at $1,432,000. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Stock Performance

Shares of NYSE FR opened at $56.07 on Friday. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 31.32 and a beta of 1.07. The company has a current ratio of 0.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $58.17. The stock’s 50-day moving average is $52.14 and its 200 day moving average is $49.96.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $181.43 million for the quarter, compared to analysts’ expectations of $182.63 million. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.First Industrial Realty Trust’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $0.69 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. On average, sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. First Industrial Realty Trust’s payout ratio is 99.44%.

Analyst Upgrades and Downgrades

FR has been the subject of several research analyst reports. Scotiabank raised 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. The Goldman Sachs Group raised their target price on First Industrial Realty Trust from $53.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada raised their target price on First Industrial Realty Trust from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Industrial Alliance Securities set a $55.00 price target on First Industrial Realty Trust in a research report on Wednesday, October 1st. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.33.

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.