Mutual of America Capital Management LLC Sells 2,298 Shares of First Industrial Realty Trust, Inc. $FR

Mutual of America Capital Management LLC trimmed its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 3.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 65,841 shares of the real estate investment trust’s stock after selling 2,298 shares during the quarter. Mutual of America Capital Management LLC’s holdings in First Industrial Realty Trust were worth $3,169,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in 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 purchasing an additional 225 shares during the period. Alpine Bank Wealth Management acquired a new position in First Industrial Realty Trust during the first quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd acquired a new position in First Industrial Realty Trust during the first quarter valued at approximately $69,000. IFP Advisors Inc grew its holdings in First Industrial Realty Trust by 272.5% during the second quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 973 shares during the period. Finally, Fifth Third Bancorp grew its holdings in First Industrial Realty Trust by 15.9% during the second quarter. Fifth Third Bancorp now owns 1,503 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

Shares of FR stock opened at $55.81 on Friday. The company’s fifty day simple moving average is $52.00 and its 200-day simple moving average is $49.82. The company has a quick ratio of 1.04, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. The firm has a market cap of $7.39 billion, a PE ratio of 31.18 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. First Industrial Realty Trust had a net margin of 33.18% and a return on equity of 8.65%. The business had revenue of $181.43 million for the quarter, compared to analyst estimates of $182.63 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts expect 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. Shareholders of record on Tuesday, September 30th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. First Industrial Realty Trust’s dividend payout ratio is 99.44%.

Wall Street Analysts Forecast Growth

FR has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of First Industrial Realty Trust from $53.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday. Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. JPMorgan Chase & Co. boosted their price objective on shares of First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of First Industrial Realty Trust in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $60.00 price objective on shares of First Industrial Realty Trust in a report on Monday, September 29th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.00.

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.