Bailard Inc. Raises Stock Position in First Industrial Realty Trust, Inc. $FR

Bailard Inc. increased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 221.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,700 shares of the real estate investment trust’s stock after purchasing an additional 12,886 shares during the period. Bailard Inc.’s holdings in First Industrial Realty Trust were worth $900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FR. True Wealth Design LLC lifted its stake in shares of First Industrial Realty Trust by 988.7% during the second quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,137 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of First Industrial Realty Trust by 272.5% during the 2nd quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 973 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in First Industrial Realty Trust during the 1st quarter worth approximately $69,000. Fifth Third Bancorp boosted its holdings in 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 during the period. Finally, Hantz Financial Services Inc. boosted its holdings in First Industrial Realty Trust by 4,697.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 1,644 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FR has been the topic of a number of analyst reports. Mizuho lifted their price objective on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, September 8th. Royal Bank Of Canada lifted their price target on shares of First Industrial Realty Trust from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Scotiabank boosted their price objective on shares of First Industrial Realty Trust from $54.00 to $57.00 and gave the stock a “sector perform” rating in a report on Monday. Industrial Alliance Securities set a $55.00 target price on First Industrial Realty Trust in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lifted their target price on First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $57.00.

First Industrial Realty Trust Stock Performance

Shares of First Industrial Realty Trust stock opened at $56.03 on Friday. 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, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17. The firm’s 50-day simple moving average is $53.41 and its 200-day simple moving average is $50.85. The firm has a market cap of $7.42 billion, a PE ratio of 31.30 and a beta of 1.09.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share 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 firm had revenue of $181.43 million during the quarter, compared to analyst estimates of $182.63 million. During the same period in the previous year, the company earned $0.69 earnings per share. First Industrial Realty Trust’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. Equities analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Wednesday, December 31st will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 31st. First Industrial Realty Trust’s dividend payout ratio is currently 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.