Presima Securities ULC Acquires Shares of 526,689 First Industrial Realty Trust, Inc. $FR

Presima Securities ULC acquired a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 526,689 shares of the real estate investment trust’s stock, valued at approximately $25,350,000. First Industrial Realty Trust accounts for 5.8% of Presima Securities ULC’s portfolio, making the stock its 6th biggest position. Presima Securities ULC owned approximately 0.40% of First Industrial Realty Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FR. Bessemer Group Inc. lifted its holdings in shares of First Industrial Realty Trust by 93.0% during the first quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 225 shares during the period. IFP Advisors Inc raised its holdings in shares of First Industrial Realty Trust by 272.5% in the second quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 973 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of First Industrial Realty Trust in the first quarter valued at about $69,000. Fifth Third Bancorp raised its holdings in shares of First Industrial Realty Trust by 15.9% in the second quarter. Fifth Third Bancorp now owns 1,503 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 206 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of First Industrial Realty Trust by 4,697.1% in the second quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 1,644 shares during the last quarter. 99.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on FR shares. Scotiabank lifted 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. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. The Goldman Sachs Group lifted their price target on First Industrial Realty Trust from $53.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Cantor Fitzgerald started coverage on First Industrial Realty Trust in a report on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Industrial Realty Trust in a report on Friday. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, First Industrial Realty Trust presently has an average rating of “Hold” and an average price target of $56.58.

First Industrial Realty Trust Price Performance

Shares of FR stock opened at $55.27 on Friday. The stock has a 50-day moving average price of $52.73 and a 200 day moving average price of $50.30. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 30.88 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data 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 firm had revenue of $181.43 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. Research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Wednesday, December 31st will be 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 is Wednesday, December 31st. First Industrial Realty Trust’s payout ratio is presently 99.44%.

First Industrial Realty Trust 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.