Stock Traders Purchase High Volume of Call Options on First Industrial Realty Trust (NYSE:FR)

First Industrial Realty Trust, Inc. (NYSE:FR) was the target of some unusual options trading activity on Friday. Stock investors bought 20,151 call options on the company. This represents an increase of 167,825% compared to the average daily volume of 12 call options.

Hedge Funds Weigh In On First Industrial Realty Trust

Large investors have recently bought and sold shares of the business. Hunter Perkins Capital Management LLC purchased a new position in First Industrial Realty Trust in the second quarter valued at approximately $746,000. FJ Capital Management LLC grew its position in shares of First Industrial Realty Trust by 76.8% in the 1st quarter. FJ Capital Management LLC now owns 38,445 shares of the real estate investment trust’s stock valued at $2,074,000 after buying an additional 16,704 shares during the last quarter. Liberty One Investment Management LLC lifted its position in 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 valued at $4,700,000 after acquiring an additional 5,835 shares during the last quarter. Graham Capital Management L.P. lifted its holdings in shares of First Industrial Realty Trust by 149.2% in the 1st quarter. Graham Capital Management L.P. now owns 30,754 shares of the real estate investment trust’s stock valued at $1,659,000 after purchasing an additional 18,413 shares during the last quarter. Finally, Adelante Capital Management LLC grew its stake in First Industrial Realty Trust by 63.2% during the 1st quarter. Adelante Capital Management LLC now owns 399,043 shares of the real estate investment trust’s stock worth $21,533,000 after buying an additional 154,600 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Analyst Ratings Changes

FR has been the subject of several research reports. The Goldman Sachs Group upped their price objective on shares of First Industrial Realty Trust from $53.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Scotiabank raised their target price 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, November 10th. Mizuho boosted their target price on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank Of Canada lifted their price target on shares of First Industrial Realty Trust from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Finally, Industrial Alliance Securities set a $55.00 target price on First Industrial Realty Trust in a research note on Wednesday, October 1st. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $57.85.

First Industrial Realty Trust Trading Up 1.9%

FR traded up $1.11 during mid-day trading on Friday, hitting $57.88. 646,907 shares of the stock were exchanged, compared to its average volume of 1,163,297. The company has a market cap of $7.66 billion, a PE ratio of 32.29 and a beta of 1.13. First Industrial Realty Trust has a 1-year low of $40.31 and a 1-year high of $58.17. 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 firm’s fifty day moving average is $54.79 and its two-hundred day moving average is $51.59.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The company 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 firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. Equities analysts forecast that First Industrial Realty Trust will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

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