Savant Capital LLC Raises Stock Position in First Industrial Realty Trust, Inc. $FR

Savant Capital LLC raised its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 369.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,149 shares of the real estate investment trust’s stock after buying an additional 29,239 shares during the period. Savant Capital LLC’s holdings in First Industrial Realty Trust were worth $1,788,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in shares of First Industrial Realty Trust by 9.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 263,247 shares of the real estate investment trust’s stock valued at $14,205,000 after acquiring an additional 22,499 shares during the period. Cerity Partners LLC grew its holdings in First Industrial Realty Trust by 31.1% during the first quarter. Cerity Partners LLC now owns 11,185 shares of the real estate investment trust’s stock valued at $606,000 after purchasing an additional 2,653 shares during the period. State of Michigan Retirement System increased its position in First Industrial Realty Trust by 1.0% in the first quarter. State of Michigan Retirement System now owns 31,668 shares of the real estate investment trust’s stock worth $1,709,000 after buying an additional 300 shares in the last quarter. New York State Common Retirement Fund increased its position in First Industrial Realty Trust by 0.3% in the first quarter. New York State Common Retirement Fund now owns 136,829 shares of the real estate investment trust’s stock worth $7,383,000 after buying an additional 447 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of First Industrial Realty Trust by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the real estate investment trust’s stock worth $2,002,000 after buying an additional 400 shares during the period. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Trading Up 1.0%

FR stock opened at $56.60 on Wednesday. The firm has a fifty day moving average price of $53.25 and a 200 day moving average price of $50.78. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17. The firm has a market cap of $7.49 billion, a PE ratio of 31.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 0.91.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $181.43 million during 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 revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. Sell-side analysts anticipate 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 will be paid on Tuesday, January 20th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, December 31st. First Industrial Realty Trust’s dividend payout ratio is presently 99.44%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank Of Canada raised their price objective 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. The Goldman Sachs Group increased their target price on First Industrial Realty Trust from $53.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of First Industrial Realty Trust in a report on Friday, October 31st. Cantor Fitzgerald started coverage on shares of First Industrial Realty Trust in a report on Wednesday, October 1st. They set a “neutral” rating and a $55.00 price objective for the company. Finally, Barclays set a $54.00 price objective on shares of First Industrial Realty Trust in a research report on Monday, November 3rd. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.00.

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.