Key Points
- CIO Johannson Yap sold 680 shares on December 17 at an average price of $58.37 (totaling $39,691.60), cutting his stake by 15.28% to 3,770 shares valued at roughly $220,055.
- First Industrial declared a quarterly dividend of $0.445 (annualized $1.78) with an ex-dividend date of December 31 and a yield of about 3.1%, while its payout ratio is near 99.44%.
- The REIT reported Q3 EPS of $0.76 (beating estimates) with revenue up 8.2% YoY, set FY2025 guidance of 2.940–2.980 EPS, and carries a consensus analyst rating of "Hold" with a $57.85 price target.
First Industrial Realty Trust, Inc. (NYSE:FR - Get Free Report) CIO Johannson Yap sold 680 shares of the firm's stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the transaction, the executive owned 3,770 shares in the company, valued at $220,054.90. The trade was a 15.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
First Industrial Realty Trust Stock Down 0.5%
First Industrial Realty Trust stock opened at $58.10 on Friday. 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, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $59.43. The firm has a fifty day moving average price of $56.26 and a two-hundred day moving average price of $52.28. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 32.46 and a beta of 1.13.
First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.The business had revenue of $181.43 million for the quarter, compared to analyst estimates of $182.63 million. During the same period in the previous year, the company posted $0.69 earnings per share. The firm'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. As a group, analysts forecast 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. Shareholders of record on Wednesday, December 31st will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, December 31st. First Industrial Realty Trust's payout ratio is currently 99.44%.
Institutional Investors Weigh In On First Industrial Realty Trust
Institutional investors have recently bought and sold shares of the business. Jump Financial LLC acquired a new stake in First Industrial Realty Trust during the 2nd quarter valued at $4,795,000. Hunter Perkins Capital Management LLC acquired a new position in First Industrial Realty Trust in the second quarter worth $746,000. FJ Capital Management LLC grew its holdings in shares of First Industrial Realty Trust by 76.8% during the first quarter. FJ Capital Management LLC now owns 38,445 shares of the real estate investment trust's stock worth $2,074,000 after purchasing an additional 16,704 shares during the last quarter. Liberty One Investment Management LLC grew its holdings in shares of First Industrial Realty Trust by 6.4% during 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 purchasing an additional 5,835 shares during the last quarter. Finally, Graham Capital Management L.P. increased 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 valued at $1,659,000 after buying an additional 18,413 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.
Wall Street Analyst Weigh In
FR has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of First Industrial Realty Trust from $53.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. increased their price target on shares of First Industrial Realty Trust from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Thursday, October 23rd. Royal Bank Of Canada raised their price target on shares of First Industrial Realty Trust from $60.00 to $64.00 and gave the stock an "outperform" rating in a research report on Friday, October 24th. Barclays set a $54.00 price objective on shares of First Industrial Realty Trust in a report on Monday, November 3rd. Finally, Mizuho increased 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 research note on Thursday, December 4th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, First Industrial Realty Trust presently has an average rating of "Hold" and a consensus target price of $57.85.
View Our Latest Stock Report on First Industrial Realty Trust
About First Industrial Realty Trust
(
Get Free Report)
First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants' supply-chain needs.
Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.
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