Squarepoint Ops LLC Raises Stock Position in First Industrial Realty Trust, Inc. $FR

Squarepoint Ops LLC boosted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 53.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 66,020 shares of the real estate investment trust’s stock after acquiring an additional 22,929 shares during the period. Squarepoint Ops LLC’s holdings in First Industrial Realty Trust were worth $3,178,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Jump Financial LLC acquired a new stake in First Industrial Realty Trust in the 2nd quarter worth about $4,795,000. Hunter Perkins Capital Management LLC acquired a new position in shares of First Industrial Realty Trust during the second quarter valued at approximately $746,000. FJ Capital Management LLC lifted its position in shares of First Industrial Realty Trust by 76.8% in the first quarter. FJ Capital Management LLC now owns 38,445 shares of the real estate investment trust’s stock valued at $2,074,000 after acquiring an additional 16,704 shares in the last quarter. Liberty One Investment Management LLC boosted its stake in shares of First Industrial Realty Trust by 6.4% in the second quarter. Liberty One Investment Management LLC now owns 97,647 shares of the real estate investment trust’s stock worth $4,700,000 after acquiring an additional 5,835 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its stake in shares of First Industrial Realty Trust by 149.2% in the first quarter. Graham Capital Management L.P. now owns 30,754 shares of the real estate investment trust’s stock worth $1,659,000 after acquiring an additional 18,413 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FR. JPMorgan Chase & Co. raised their price objective on First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Barclays set a $54.00 price target on shares of First Industrial Realty Trust in a research note on Monday, November 3rd. Wells Fargo & Company upped their price objective on shares of 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. Royal Bank Of Canada increased their price objective 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. Finally, The Goldman Sachs Group boosted their target price on First Industrial Realty Trust from $53.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.85.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock opened at $58.05 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $55.83 and a 200 day moving average price of $52.13. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $59.43. The stock has a market cap of $7.69 billion, a P/E ratio of 32.43 and a beta of 1.13.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $181.43 million during the quarter, compared to analysts’ expectations of $182.63 million. First Industrial Realty Trust had a net margin of 33.18% and a return on equity of 8.65%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. Sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The firm 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 dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.78 annualized dividend and a yield of 3.1%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 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.