Liberty One Investment Management LLC Acquires 5,835 Shares of First Industrial Realty Trust, Inc. $FR

Liberty One Investment Management LLC raised its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 6.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 97,647 shares of the real estate investment trust’s stock after purchasing an additional 5,835 shares during the period. Liberty One Investment Management LLC’s holdings in First Industrial Realty Trust were worth $4,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of FR. GAMMA Investing LLC increased 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 valued at $91,000 after buying an additional 599 shares during the period. SG Americas Securities LLC bought a new stake in First Industrial Realty Trust in the 1st quarter valued at $481,000. Wealth Enhancement Advisory Services LLC increased 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 valued at $536,000 after buying an additional 2,106 shares during the period. Asset Management One Co. Ltd. increased 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 valued at $12,810,000 after buying an additional 9,552 shares during the period. Finally, Lecap Asset Management Ltd. increased its holdings in First Industrial Realty Trust by 163.0% in the 1st quarter. Lecap Asset Management Ltd. now owns 35,494 shares of the real estate investment trust’s stock valued at $1,915,000 after buying an additional 21,999 shares during the period. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Up 1.7%

Shares of NYSE FR opened at $56.06 on Tuesday. The firm’s 50-day simple moving average is $51.58 and its 200 day simple moving average is $49.66. The company 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, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17.

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

First Industrial Realty Trust Dividend Announcement

The business 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. The ex-dividend date was Tuesday, September 30th. This represents a $1.78 annualized dividend and a yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio is 99.44%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FR shares. Scotiabank upped their target price on shares of 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 reaffirmed an “outperform” rating and issued a $60.00 target price on shares of First Industrial Realty Trust in a report on Monday, September 29th. Cantor Fitzgerald started coverage on shares of First Industrial Realty Trust in a report on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 target price on the stock. Wall Street Zen raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Industrial Realty Trust in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $55.00.

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.