Yousif Capital Management LLC Sells 1,285 Shares of First Industrial Realty Trust, Inc. $FR

Yousif Capital Management LLC trimmed its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,453 shares of the real estate investment trust’s stock after selling 1,285 shares during the period. Yousif Capital Management LLC’s holdings in First Industrial Realty Trust were worth $2,332,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of First Industrial Realty Trust by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 19,349,577 shares of the real estate investment trust’s stock valued at $1,044,103,000 after purchasing an additional 158,692 shares during the last quarter. Invesco Ltd. raised its holdings in shares of First Industrial Realty Trust by 2.0% in the first quarter. Invesco Ltd. now owns 4,364,135 shares of the real estate investment trust’s stock worth $235,489,000 after buying an additional 87,229 shares during the period. Millennium Management LLC raised its holdings in shares of First Industrial Realty Trust by 159.5% in the first quarter. Millennium Management LLC now owns 2,260,701 shares of the real estate investment trust’s stock worth $121,987,000 after buying an additional 1,389,418 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of First Industrial Realty Trust by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,212,857 shares of the real estate investment trust’s stock worth $119,406,000 after buying an additional 6,977 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of First Industrial Realty Trust by 381.2% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,070,197 shares of the real estate investment trust’s stock worth $111,708,000 after buying an additional 1,639,952 shares during the period. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Trading Up 1.3%

FR opened at $55.15 on Friday. The stock’s fifty day moving average is $51.41 and its two-hundred day moving average is $49.64. The company has a market capitalization of $7.30 billion, a P/E ratio of 30.81 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. The company has a quick ratio of 1.04, a current ratio of 0.91 and a debt-to-equity ratio of 0.88.

First Industrial Realty Trust (NYSE:FR) last released 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. The company had revenue of $181.43 million for the quarter, compared to the consensus estimate of $182.63 million. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.First Industrial Realty Trust’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. Analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 99.44%.

Wall Street Analyst Weigh In

FR has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $60.00 price target on shares of First Industrial Realty Trust in a report on Monday, September 29th. Cantor Fitzgerald initiated coverage on First Industrial Realty Trust in a report on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 price target on the stock. Mizuho increased their price target on First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, September 8th. Scotiabank increased their price target on First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Finally, Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.00.

About First Industrial Realty Trust

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.