1,600,623 Shares in First Industrial Realty Trust, Inc. $FR Acquired by PGGM Investments

PGGM Investments acquired a new position in First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,600,623 shares of the real estate investment trust’s stock, valued at approximately $77,038,000. PGGM Investments owned 1.21% of First Industrial Realty Trust at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in First Industrial Realty Trust by 26.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,935 shares of the real estate investment trust’s stock worth $536,000 after buying an additional 2,106 shares during the period. GAMMA Investing LLC lifted its stake in First Industrial Realty Trust by 55.4% in the 1st quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 599 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in First Industrial Realty Trust by 155.1% in the 1st quarter. Summit Trail Advisors LLC now owns 10,718 shares of the real estate investment trust’s stock worth $583,000 after purchasing an additional 6,516 shares in the last quarter. SG Americas Securities LLC purchased a new stake in First Industrial Realty Trust in the 1st quarter worth approximately $481,000. Finally, Artemis Investment Management LLP purchased a new stake in First Industrial Realty Trust in the 1st quarter worth approximately $40,294,000. 99.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of First Industrial Realty Trust in a research note on Monday. Scotiabank increased their target price on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 27th. Mizuho increased their target price on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, September 8th. Finally, Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $55.00.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock opened at $51.41 on Wednesday. The firm’s fifty day moving average price is $50.59 and its 200-day moving average price is $49.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $6.81 billion, a P/E ratio of 25.08 and a beta of 1.08. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. The firm had revenue of $180.16 million for the quarter, compared to analysts’ expectations of $176.46 million. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. On average, equities research analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 86.83%.

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.