Johannson Yap Sells 680 Shares of First Industrial Realty Trust (NYSE:FR) Stock

First Industrial Realty Trust, Inc. (NYSE:FR) CIO Johannson Yap sold 680 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total transaction of $39,691.60. Following the transaction, the executive owned 3,770 shares in the company, valued at $220,054.90. This represents a 15.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

First Industrial Realty Trust Price Performance

Shares of FR stock traded down $0.29 during mid-day trading on Friday, hitting $58.10. 1,724,727 shares of the stock traded hands, compared to its average volume of 1,161,201. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $59.43. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50-day simple moving average is $56.11 and its 200-day simple moving average is $52.21. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 32.46 and a beta of 1.13.

First Industrial Realty Trust (NYSE:FR) last announced its earnings results 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. The business had revenue of $181.43 million during the quarter, compared to analysts’ expectations of $182.63 million. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. As a group, equities research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.445 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.78 annualized dividend and a dividend yield of 3.1%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 99.44%.

Analyst Upgrades and Downgrades

Several research firms recently commented on FR. Mizuho increased their target price on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. The Goldman Sachs Group increased their price objective on First Industrial Realty Trust from $53.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. raised their price objective 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. UBS Group set a $62.00 target price on First Industrial Realty Trust in a report on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Industrial Realty Trust in a report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $57.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Measured Wealth Private Client Group LLC purchased a new position in First Industrial Realty Trust during the 3rd quarter valued at about $26,000. Mather Group LLC. purchased a new position in First Industrial Realty Trust during the third quarter valued at approximately $39,000. Elevation Point Wealth Partners LLC acquired a new position in First Industrial Realty Trust in the 2nd quarter valued at approximately $40,000. SJS Investment Consulting Inc. acquired a new position in First Industrial Realty Trust in the 3rd quarter valued at approximately $47,000. Finally, Danske Bank A S purchased a new stake in First Industrial Realty Trust in the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.