Inspire Investing LLC Acquires 1,800 Shares of First Industrial Realty Trust, Inc. $FR

Inspire Investing LLC increased its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 28.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,173 shares of the real estate investment trust’s stock after acquiring an additional 1,800 shares during the quarter. Inspire Investing LLC’s holdings in First Industrial Realty Trust were worth $393,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FR. GAMMA Investing LLC grew its holdings in shares of First Industrial Realty Trust by 55.4% in the first quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 599 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of First Industrial Realty Trust during the first quarter worth $481,000. Simon Quick Advisors LLC bought a new stake in shares of First Industrial Realty Trust during the first quarter worth $254,000. Fifth Third Bancorp lifted its position in shares of First Industrial Realty Trust by 22.2% during the first quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 236 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its position in shares of First Industrial Realty Trust by 4.6% during the first quarter. Azzad Asset Management Inc. ADV now owns 7,460 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 326 shares during the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FR. Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Mizuho lifted their price objective on First Industrial Realty Trust from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, September 8th. Scotiabank lifted their price objective on First Industrial Realty Trust from $51.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, August 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $60.00 price objective on shares of First Industrial Realty Trust in a report on Monday, September 29th. Finally, Cantor Fitzgerald began coverage on First Industrial Realty Trust in a report on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 price objective for the company. 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 MarketBeat, First Industrial Realty Trust has an average rating of “Hold” and an average target price of $55.00.

First Industrial Realty Trust Price Performance

FR opened at $51.49 on Tuesday. The business’s 50-day moving average is $50.97 and its two-hundred day moving average is $49.58. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $6.82 billion, a PE ratio of 25.12 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last posted its 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 company had revenue of $180.16 million for the quarter, compared to analyst estimates of $176.46 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The firm’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. Research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.5%. First Industrial Realty Trust’s payout ratio is presently 86.83%.

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.