Los Angeles Capital Management LLC Has $4.99 Million Stake in First Industrial Realty Trust, Inc. $FR

Los Angeles Capital Management LLC trimmed its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 9.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,747 shares of the real estate investment trust’s stock after selling 11,304 shares during the period. Los Angeles Capital Management LLC’s holdings in First Industrial Realty Trust were worth $4,993,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its position in shares of First Industrial Realty Trust by 988.7% in the second quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,137 shares during the period. IFP Advisors Inc grew its stake 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 buying an additional 973 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in First Industrial Realty Trust in the 1st quarter worth $69,000. Fifth Third Bancorp raised its holdings 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 acquiring an additional 206 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in First Industrial Realty Trust by 4,697.1% during the second quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 1,644 shares during the period. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Up 2.1%

Shares of FR stock opened at $56.29 on Monday. The stock has a market cap of $7.45 billion, a P/E ratio of 31.45 and a beta of 1.09. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $58.17. The stock has a fifty day moving average price of $53.07 and a 200 day moving average price of $50.66. 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 (NYSE:FR) last announced its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. First Industrial Realty Trust had a net margin of 33.18% and a return on equity of 8.65%. The firm had revenue of $181.43 million for the quarter, compared to analyst estimates of $182.63 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue for the quarter 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. 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 firm also recently declared 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. This represents a $1.78 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 31st. First Industrial Realty Trust’s dividend payout ratio is 99.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FR shares. Cantor Fitzgerald assumed coverage on First Industrial Realty Trust in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 price objective on the stock. Barclays set a $54.00 price target on First Industrial Realty Trust in a research report on Monday, November 3rd. JPMorgan Chase & Co. increased their price objective on First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Industrial Realty Trust in a research report on Friday, October 31st. Finally, Industrial Alliance Securities set a $55.00 target price on shares of First Industrial Realty Trust in a research note on Wednesday, October 1st. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $56.75.

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.