SG Americas Securities LLC Has $4.27 Million Position in First Industrial Realty Trust, Inc. $FR

SG Americas Securities LLC grew its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 1,112.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,979 shares of the real estate investment trust’s stock after purchasing an additional 76,133 shares during the period. SG Americas Securities LLC owned about 0.06% of First Industrial Realty Trust worth $4,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jump Financial LLC bought a new position in shares of First Industrial Realty Trust during the second quarter worth about $4,795,000. Hunter Perkins Capital Management LLC acquired a new position in First Industrial Realty Trust during the 2nd quarter worth approximately $746,000. Liberty One Investment Management LLC grew its stake in shares of First Industrial Realty Trust by 6.4% during the 2nd quarter. Liberty One Investment Management LLC now owns 97,647 shares of the real estate investment trust’s stock worth $4,700,000 after acquiring an additional 5,835 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of First Industrial Realty Trust by 120.3% in the third quarter. Exchange Traded Concepts LLC now owns 55,807 shares of the real estate investment trust’s stock valued at $2,872,000 after purchasing an additional 30,470 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of First Industrial Realty Trust by 3.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 21,771 shares of the real estate investment trust’s stock worth $1,053,000 after purchasing an additional 757 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FR shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $58.00 target price on shares of First Industrial Realty Trust in a research report on Monday, January 5th. UBS Group set a $62.00 price objective on First Industrial Realty Trust in a report on Thursday, December 4th. Robert W. Baird set a $64.00 target price on First Industrial Realty Trust in a report on Thursday. Mizuho increased their price target on First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Finally, Wells Fargo & Company boosted their price target on 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. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.54.

First Industrial Realty Trust Stock Up 0.6%

Shares of FR stock opened at $59.23 on Monday. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $59.43. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 33.09 and a beta of 1.14. The firm’s 50-day moving average is $57.18 and its 200-day moving average is $53.24. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 0.91.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $181.43 million during 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. Sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently declared 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 3.0%. The ex-dividend date is Wednesday, December 31st. First Industrial Realty Trust’s dividend payout ratio is 99.44%.

Insider Transactions at First Industrial Realty Trust

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of First Industrial Realty Trust stock in a transaction on 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 directly owned 3,770 shares of the company’s stock, valued at $220,054.90. The trade was a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.94% of the stock is owned by corporate insiders.

First Industrial Realty Trust Company Profile

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.