Caitong International Asset Management Co. Ltd Invests $87,000 in First Industrial Realty Trust, Inc. $FR

Caitong International Asset Management Co. Ltd bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 1,811 shares of the real estate investment trust’s stock, valued at approximately $87,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in First Industrial Realty Trust by 55.4% in the 1st quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust’s stock worth $91,000 after acquiring an additional 599 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in First Industrial Realty Trust by 26.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,935 shares of the real estate investment trust’s stock worth $536,000 after acquiring an additional 2,106 shares during the period. Asset Management One Co. Ltd. boosted its holdings in First Industrial Realty Trust by 4.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 237,395 shares of the real estate investment trust’s stock worth $12,810,000 after acquiring an additional 9,552 shares during the period. Bessemer Group Inc. boosted its holdings 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 worth $25,000 after acquiring an additional 225 shares during the period. Finally, Alpine Bank Wealth Management purchased a new position in First Industrial Realty Trust in the 1st quarter worth approximately $26,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

Shares of FR opened at $56.07 on Friday. The business’s 50 day moving average is $52.14 and its two-hundred day moving average is $49.91. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $58.17. The firm 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 quick ratio of 1.04, a current ratio of 0.91 and a debt-to-equity ratio of 0.88.

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

First Industrial Realty Trust Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FR shares. Mizuho upped their price target on First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, September 8th. JPMorgan Chase & Co. upped their price target on First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday. Scotiabank upped their price target on First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Royal Bank Of Canada upped their price target on First Industrial Realty Trust from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday. Finally, The Goldman Sachs Group upped their target price on First Industrial Realty Trust from $53.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.