Castellan Group Takes Position in First Industrial Realty Trust, Inc. $FR

Castellan Group bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 70,824 shares of the real estate investment trust’s stock, valued at approximately $3,645,000. First Industrial Realty Trust accounts for approximately 0.5% of Castellan Group’s portfolio, making the stock its 11th biggest position. Castellan Group owned approximately 0.05% of First Industrial Realty Trust at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in First Industrial Realty Trust in the third quarter valued at $39,000. Elevation Point Wealth Partners LLC acquired a new position in First Industrial Realty Trust in the 2nd quarter valued at about $40,000. SJS Investment Consulting Inc. purchased a new stake in First Industrial Realty Trust during the 3rd quarter valued at approximately $47,000. True Wealth Design LLC raised its stake in First Industrial Realty Trust by 988.7% during the 2nd quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 1,137 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in First Industrial Realty Trust by 272.5% during the 2nd quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 973 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Up 0.9%

Shares of First Industrial Realty Trust stock opened at $58.29 on Thursday. The company has a 50-day moving average of $57.05 and a two-hundred day moving average of $53.08. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $59.43. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. The stock has a market cap of $7.72 billion, a PE ratio of 32.57 and a beta of 1.14.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business 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%.The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior 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, research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Wednesday, December 31st will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, December 31st. First Industrial Realty Trust’s dividend payout ratio is presently 99.44%.

Insiders Place Their Bets

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of First Industrial Realty Trust stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the transaction, the executive owned 3,770 shares in the company, valued at approximately $220,054.90. The trade was a 15.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FR shares. Industrial Alliance Securities set a $67.00 target price on First Industrial Realty Trust in a report on Monday. Wells Fargo & Company upped their price objective on shares of First Industrial Realty Trust from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Industrial Realty Trust in a report on Friday, October 31st. Royal Bank Of Canada increased their price target on shares of First Industrial Realty Trust from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, Barclays set a $54.00 price objective on shares of First Industrial Realty Trust in a research report on Monday, November 3rd. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $60.15.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.