IFM Investors Pty Ltd Decreases Stock Holdings in First Industrial Realty Trust, Inc. $FR

IFM Investors Pty Ltd trimmed its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 12.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,724 shares of the real estate investment trust’s stock after selling 3,907 shares during the period. IFM Investors Pty Ltd’s holdings in First Industrial Realty Trust were worth $1,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of FR. Bessemer Group Inc. raised its holdings in First Industrial Realty Trust by 93.0% during the 1st quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 225 shares during the period. Alpine Bank Wealth Management purchased a new stake in First Industrial Realty Trust during the 1st quarter valued at $26,000. Parallel Advisors LLC raised its holdings in First Industrial Realty Trust by 285.1% during the 1st quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 821 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in First Industrial Realty Trust during the 1st quarter valued at $69,000. Finally, Fifth Third Bancorp raised its holdings in First Industrial Realty Trust by 22.2% during the 1st quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 236 shares during the period. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

FR stock opened at $52.16 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The business’s fifty day simple moving average is $50.02 and its two-hundred day simple moving average is $50.25. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $58.17. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 25.44 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%.The business had revenue of $180.16 million for the quarter, compared to analyst estimates of $176.46 million. During the same quarter last year, the firm posted $0.66 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. Analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

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 paid a $0.445 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.4%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 86.83%.

Analyst Ratings Changes

FR has been the topic of several recent research reports. Scotiabank increased their price target on First Industrial Realty Trust from $51.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, August 27th. Mizuho increased 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, September 8th. Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Wells Fargo & Company decreased their price target on First Industrial Realty Trust from $57.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday, May 19th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.80.

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.