Liberty One Investment Management LLC Boosts Holdings in First Industrial Realty Trust, Inc. $FR

Liberty One Investment Management LLC grew its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 31.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,936 shares of the real estate investment trust’s stock after purchasing an additional 30,289 shares during the period. Liberty One Investment Management LLC’s holdings in First Industrial Realty Trust were worth $6,585,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FR. Jump Financial LLC purchased a new position in shares of First Industrial Realty Trust during the 2nd quarter worth approximately $4,795,000. Hunter Perkins Capital Management LLC bought a new stake in shares of First Industrial Realty Trust during the second quarter valued at approximately $746,000. Allspring Global Investments Holdings LLC grew its stake in First Industrial Realty Trust by 3.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 21,771 shares of the real estate investment trust’s stock worth $1,053,000 after purchasing an additional 757 shares during the period. Exchange Traded Concepts LLC grew its stake in First Industrial Realty Trust by 120.3% in the third quarter. Exchange Traded Concepts LLC now owns 55,807 shares of the real estate investment trust’s stock worth $2,872,000 after purchasing an additional 30,470 shares during the period. Finally, CWM LLC raised its holdings in First Industrial Realty Trust by 912.6% in the second quarter. CWM LLC now owns 53,670 shares of the real estate investment trust’s stock worth $2,583,000 after purchasing an additional 48,370 shares in the last quarter. 99.85% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total value of $39,691.60. Following the completion of the transaction, the executive owned 3,770 shares of the company’s stock, valued at approximately $220,054.90. The trade was a 15.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.94% of the company’s stock.

First Industrial Realty Trust Trading Down 0.5%

NYSE:FR opened at $58.89 on Tuesday. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 32.90 and a beta of 1.14. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. The company’s 50 day moving average price is $57.26 and its 200-day moving average price is $53.31. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $59.48.

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 (EPS) 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 business had revenue of $181.43 million for the quarter, compared to analysts’ expectations of $182.63 million. During the same period in the prior year, the firm posted $0.69 EPS. The firm’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. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Wednesday, December 31st will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.0%. The ex-dividend date is Wednesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 99.44%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Industrial Alliance Securities set a $67.00 target price on shares of First Industrial Realty Trust in a research report on Monday, January 5th. Robert W. Baird set a $64.00 price objective on shares of First Industrial Realty Trust in a report on Thursday. Royal Bank Of Canada lifted their target price on shares of First Industrial Realty Trust from $60.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Barclays set a $54.00 price target on First Industrial Realty Trust in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group raised 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. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, First Industrial Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $60.54.

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.