Chicago Partners Investment Group LLC Purchases New Stake in First Industrial Realty Trust, Inc. $FR

Chicago Partners Investment Group LLC purchased a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 7,423 shares of the real estate investment trust’s stock, valued at approximately $379,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in shares of First Industrial Realty Trust by 93.0% in the first quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 225 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of First Industrial Realty Trust in the first quarter valued at approximately $26,000. IFP Advisors Inc increased its holdings in shares of First Industrial Realty Trust by 272.5% in the second quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 973 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of First Industrial Realty Trust in the first quarter valued at approximately $69,000. Finally, Fifth Third Bancorp increased its holdings in shares of First Industrial Realty Trust by 15.9% in the second quarter. Fifth Third Bancorp now owns 1,503 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on FR. Industrial Alliance Securities set a $55.00 price target on First Industrial Realty Trust in a report on Wednesday, October 1st. Cantor Fitzgerald started coverage on First Industrial Realty Trust in a research note on Wednesday, October 1st. They set a “neutral” rating and a $55.00 target price for the company. The Goldman Sachs Group raised their target price on First Industrial Realty Trust from $53.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, Mizuho raised their target price 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. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, First Industrial Realty Trust has an average rating of “Hold” and an average price target of $56.00.

First Industrial Realty Trust Trading Up 0.3%

FR opened at $55.81 on Friday. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. The business has a fifty day simple moving average of $52.00 and a 200-day simple moving average of $49.82. The firm has a market cap of $7.39 billion, a P/E ratio of 31.18 and a beta of 1.07. 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 results 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. 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 during the quarter, compared to analyst estimates of $182.63 million. During the same period last year, the business posted $0.69 earnings per share. The company’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 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 company also recently declared a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 99.44%.

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.