Investors Buy Large Volume of First Industrial Realty Trust Call Options (NYSE:FR)

First Industrial Realty Trust, Inc. (NYSE:FR) saw some unusual options trading on Tuesday. Stock investors bought 20,012 call options on the stock. This is an increase of 4,966% compared to the average volume of 395 call options.

Analyst Upgrades and Downgrades

Several analysts recently commented on FR shares. Mizuho upped their price target on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Robert W. Baird set a $64.00 price target on First Industrial Realty Trust in a research note on Thursday, January 8th. JPMorgan Chase & Co. boosted their price target on First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of First Industrial Realty Trust in a report on Friday, October 31st. Finally, Industrial Alliance Securities set a $67.00 price target on First Industrial Realty Trust in a research report on Monday, January 5th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, First Industrial Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $61.31.

Insider Transactions at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the transaction, the executive directly owned 3,770 shares in the company, valued at $220,054.90. This trade represents a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.94% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FR. Jump Financial LLC purchased a new stake in First Industrial Realty Trust during the 2nd quarter worth approximately $4,795,000. Hunter Perkins Capital Management LLC purchased a new position in First Industrial Realty Trust in the second quarter valued at $746,000. Liberty One Investment Management LLC grew its stake in First Industrial Realty Trust by 6.4% during the 2nd quarter. Liberty One Investment Management LLC now owns 97,647 shares of the real estate investment trust’s stock worth $4,700,000 after purchasing an additional 5,835 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in First Industrial Realty Trust by 3.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 21,771 shares of the real estate investment trust’s stock worth $1,053,000 after purchasing an additional 757 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in First Industrial Realty Trust by 120.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 55,807 shares of the real estate investment trust’s stock valued at $2,872,000 after purchasing an additional 30,470 shares in the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Up 0.3%

NYSE:FR traded up $0.21 during trading hours on Tuesday, reaching $59.08. The company had a trading volume of 749,893 shares, compared to its average volume of 854,494. The business’s 50-day simple moving average is $57.26 and its two-hundred day simple moving average is $53.31. First Industrial Realty Trust has a twelve month low of $40.31 and a twelve month high of $59.48. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 33.00 and a beta of 1.14. 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 (NYSE:FR) last issued its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $182.63 million. During the same period last year, the business posted $0.69 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. On average, equities analysts expect that First Industrial Realty Trust will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Wednesday, December 31st will be paid a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.78 annualized dividend and a dividend yield of 3.0%. First Industrial Realty Trust’s dividend payout ratio is currently 99.44%.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.