First Industrial Realty Trust, Inc. $FR Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 521.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,343 shares of the real estate investment trust’s stock after purchasing an additional 95,931 shares during the period. Y Intercept Hong Kong Ltd owned about 0.09% of First Industrial Realty Trust worth $5,503,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FR. Vanguard Group Inc. boosted its stake in shares of First Industrial Realty Trust by 0.8% in the first quarter. Vanguard Group Inc. now owns 19,349,577 shares of the real estate investment trust’s stock worth $1,044,103,000 after acquiring an additional 158,692 shares during the last quarter. Invesco Ltd. boosted its stake 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 acquiring an additional 87,229 shares during the last quarter. Millennium Management LLC boosted its stake 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 acquiring an additional 1,389,418 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 acquiring an additional 6,977 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake 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 acquiring an additional 1,639,952 shares during the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $56.55 on Tuesday. The stock’s fifty day moving average is $52.30 and its two-hundred day moving average is $50.05. The firm has a market capitalization of $7.49 billion, a P/E ratio of 31.59 and a beta of 1.07. 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 fifty-two week low of $40.31 and a fifty-two week high of $58.17.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $181.43 million for the quarter, compared to analyst estimates of $182.63 million. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. On average, research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were given a $0.445 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.1%. First Industrial Realty Trust’s payout ratio is currently 99.44%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FR shares. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. JPMorgan Chase & Co. lifted their price target on First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Mizuho lifted their price target on 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. Cantor Fitzgerald assumed coverage on First Industrial Realty Trust in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 price target on the stock. Finally, Royal Bank Of Canada boosted their price objective on First Industrial Realty Trust from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.58.

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.