Savant Capital LLC Acquires 29,239 Shares of First Industrial Realty Trust, Inc. $FR

Savant Capital LLC lifted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 369.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 37,149 shares of the real estate investment trust’s stock after purchasing an additional 29,239 shares during the period. Savant Capital LLC’s holdings in First Industrial Realty Trust were worth $1,788,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. IFP Advisors Inc grew its position in First Industrial Realty Trust by 272.5% in the 2nd quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 973 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of First Industrial Realty Trust in the first quarter worth about $69,000. Fifth Third Bancorp increased its stake in First Industrial Realty Trust by 15.9% in the 2nd quarter. Fifth Third Bancorp now owns 1,503 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 206 shares during the period. Hantz Financial Services Inc. increased its stake 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 worth $81,000 after buying an additional 1,644 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in First Industrial Realty Trust during the 2nd quarter valued at about $87,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FR shares. Barclays set a $54.00 target price on shares of First Industrial Realty Trust in a research note on Monday, November 3rd. Scotiabank increased their price objective on First Industrial Realty Trust from $54.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Monday. Mizuho raised their price objective on First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, September 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Industrial Realty Trust in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. upped their target price on First Industrial Realty Trust from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $57.00.

First Industrial Realty Trust Stock Performance

Shares of FR stock opened at $56.60 on Wednesday. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 31.62 and a beta of 1.09. The company’s 50 day moving average is $53.25 and its 200 day moving average is $50.78. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.88. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $58.17.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results 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. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.The company had revenue of $181.43 million during the quarter, compared to analyst estimates of $182.63 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. First Industrial Realty Trust’s 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, sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Wednesday, December 31st will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, December 31st. First Industrial Realty Trust’s payout ratio is 99.44%.

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.