Strs Ohio Grows Stock Holdings in First Industrial Realty Trust, Inc. $FR

Strs Ohio raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 54.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 187,760 shares of the real estate investment trust’s stock after acquiring an additional 65,959 shares during the period. Strs Ohio’s holdings in First Industrial Realty Trust were worth $9,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Amalgamated Bank grew its stake in shares of First Industrial Realty Trust by 0.4% in the 2nd quarter. Amalgamated Bank now owns 60,879 shares of the real estate investment trust’s stock valued at $2,930,000 after purchasing an additional 257 shares during the last quarter. Retirement Systems of Alabama grew its position in First Industrial Realty Trust by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 161,820 shares of the real estate investment trust’s stock valued at $7,788,000 after buying an additional 682 shares during the last quarter. Hantz Financial Services Inc. grew its position in First Industrial Realty Trust by 4,697.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 1,644 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of First Industrial Realty Trust by 521.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 114,343 shares of the real estate investment trust’s stock valued at $5,503,000 after acquiring an additional 95,931 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of First Industrial Realty Trust by 32.1% in the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 116,896 shares of the real estate investment trust’s stock valued at $5,626,000 after acquiring an additional 28,388 shares in the last quarter. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $55.27 on Friday. The business’s 50 day simple moving average is $52.73 and its 200-day simple moving average is $50.33. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 30.88 and a beta of 1.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.91 and a quick ratio of 0.91. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17.

First Industrial Realty Trust (NYSE:FR) last announced 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. The business 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 company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. As a group, equities 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 given a $0.445 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.78 annualized dividend and a dividend yield of 3.2%. First Industrial Realty Trust’s payout ratio is currently 99.44%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FR shares. JPMorgan Chase & Co. lifted their target price on shares of First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Industrial Alliance Securities set a $55.00 price objective on First Industrial Realty Trust in a report on Wednesday, October 1st. Scotiabank lifted their price target on First Industrial Realty Trust from $51.00 to $54.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 27th. Wells Fargo & Company lifted their price target on First Industrial Realty Trust from $53.00 to $57.00 and gave the company an “equal weight” rating in a research note on Monday, October 27th. Finally, Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, First Industrial Realty Trust has a consensus rating of “Hold” and an average price target of $56.58.

First Industrial Realty Trust 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.