Focus Partners Advisor Solutions LLC Takes Position in First Industrial Realty Trust, Inc. $FR

Focus Partners Advisor Solutions LLC acquired a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) in the second quarter, Holdings Channel reports. The institutional investor acquired 8,089 shares of the real estate investment trust’s stock, valued at approximately $389,000.

A number of other institutional investors also recently made changes to their positions in the business. AlphaQuest LLC boosted its stake in shares of First Industrial Realty Trust by 155.1% in the 2nd quarter. AlphaQuest LLC now owns 41,223 shares of the real estate investment trust’s stock valued at $1,984,000 after purchasing an additional 25,062 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of First Industrial Realty Trust by 2.1% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 837,007 shares of the real estate investment trust’s stock valued at $40,285,000 after purchasing an additional 17,535 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of First Industrial Realty Trust in the 2nd quarter valued at $87,000. Asset Management One Co. Ltd. boosted its stake in shares of First Industrial Realty Trust by 11.0% in the 2nd quarter. Asset Management One Co. Ltd. now owns 263,582 shares of the real estate investment trust’s stock valued at $12,686,000 after purchasing an additional 26,187 shares in the last quarter. Finally, Liberty One Investment Management LLC boosted its stake in shares of First Industrial Realty Trust by 6.4% in the 2nd quarter. Liberty One Investment Management LLC now owns 97,647 shares of the real estate investment trust’s stock valued at $4,700,000 after purchasing an additional 5,835 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Up 0.4%

Shares of NYSE FR opened at $55.91 on Friday. The company has a current ratio of 0.91, a quick 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. The firm has a market capitalization of $7.40 billion, a PE ratio of 31.23 and a beta of 1.07. The firm has a fifty day simple moving average of $52.65 and a two-hundred day simple moving average of $50.24.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $182.63 million. During the same period in the prior year, the business earned $0.69 EPS. The company’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 analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Wednesday, December 31st will be issued a $0.445 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.78 annualized dividend and a yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio is 99.44%.

Analyst Ratings Changes

FR has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada increased their price target on shares of First Industrial Realty Trust from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Mizuho increased their price target on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, September 8th. Weiss Ratings reissued a “hold (c)” rating on shares of First Industrial Realty Trust in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald initiated coverage on shares of First Industrial Realty Trust in a research report on Wednesday, October 1st. They set a “neutral” rating and a $55.00 price target for the company. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $56.58.

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.