Strs Ohio Makes New $6.57 Million Investment in First Industrial Realty Trust, Inc. $FR

Strs Ohio purchased a new position in First Industrial Realty Trust, Inc. (NYSE:FR) in the first quarter, Holdings Channel reports. The fund purchased 121,801 shares of the real estate investment trust’s stock, valued at approximately $6,572,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cetera Investment Advisers lifted its position in shares of First Industrial Realty Trust by 1.1% in the first quarter. Cetera Investment Advisers now owns 19,500 shares of the real estate investment trust’s stock worth $1,052,000 after buying an additional 220 shares during the last quarter. Bessemer Group Inc. lifted its position 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 worth $25,000 after buying an additional 225 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of First Industrial Realty Trust by 22.2% in the first quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 236 shares during the last quarter. Great Lakes Advisors LLC lifted its position in shares of First Industrial Realty Trust by 0.5% in the first quarter. Great Lakes Advisors LLC now owns 49,137 shares of the real estate investment trust’s stock worth $2,651,000 after buying an additional 236 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in shares of First Industrial Realty Trust by 4.6% in the first quarter. Norinchukin Bank The now owns 6,112 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 268 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Down 0.9%

Shares of FR opened at $52.16 on Monday. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 25.44 and a beta of 1.08. The stock’s 50-day moving average price is $50.02 and its 200 day moving average price is $50.16.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.04. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%.The firm had revenue of $180.16 million for the quarter, compared to analyst estimates of $176.46 million. During the same period in the previous year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. As a group, research analysts predict 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 will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, September 30th. First Industrial Realty Trust’s payout ratio is currently 86.83%.

Analyst Ratings Changes

A number of analysts have weighed in on FR shares. Wells Fargo & Company reduced their price target on First Industrial Realty Trust from $57.00 to $54.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Mizuho boosted their price objective on First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, September 8th. Wall Street Zen raised First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, Scotiabank boosted their price objective on First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $54.80.

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.