Asset Management One Co. Ltd. Buys 26,187 Shares of First Industrial Realty Trust, Inc. $FR

Asset Management One Co. Ltd. grew its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 11.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 263,582 shares of the real estate investment trust’s stock after purchasing an additional 26,187 shares during the quarter. Asset Management One Co. Ltd.’s holdings in First Industrial Realty Trust were worth $12,686,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FR. Fifth Third Bancorp increased its stake in shares of First Industrial Realty Trust by 15.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,503 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 206 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of First Industrial Realty Trust by 1.1% in the 1st quarter. Cetera Investment Advisers now owns 19,500 shares of the real estate investment trust’s stock worth $1,052,000 after acquiring an additional 220 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of 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 in the last quarter. Great Lakes Advisors LLC increased its stake in shares of First Industrial Realty Trust by 0.5% in the 1st quarter. Great Lakes Advisors LLC now owns 49,137 shares of the real estate investment trust’s stock worth $2,651,000 after acquiring an additional 236 shares in the last quarter. Finally, Norinchukin Bank The increased its stake in shares of First Industrial Realty Trust by 4.6% in the 1st quarter. Norinchukin Bank The now owns 6,112 shares of the real estate investment trust’s stock worth $330,000 after acquiring an additional 268 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FR has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Thursday. Cantor Fitzgerald initiated coverage on shares of First Industrial Realty Trust in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of First Industrial Realty Trust in a research note on Wednesday, October 8th. Industrial Alliance Securities set a $55.00 price objective on shares of First Industrial Realty Trust in a research report on Wednesday, October 1st. Finally, Wall Street Zen raised shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.33.

First Industrial Realty Trust Price Performance

Shares of FR opened at $56.07 on Monday. The company has a 50 day moving average of $52.14 and a two-hundred day moving average of $49.98. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $58.17. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 31.32 and a beta of 1.07.

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 for the quarter, topping the consensus estimate 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 business had revenue of $181.43 million during the quarter, compared to the consensus estimate of $182.63 million. During the same quarter last year, the company earned $0.69 earnings per share. The company’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. As a group, analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 99.44%.

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.