Traders Buy High Volume of First Industrial Realty Trust Call Options (NYSE:FR)

First Industrial Realty Trust, Inc. (NYSE:FR) saw some unusual options trading on Friday. Traders bought 20,151 call options on the stock. This represents an increase of approximately 167,825% compared to the typical volume of 12 call options.

First Industrial Realty Trust Stock Up 1.9%

First Industrial Realty Trust stock opened at $57.85 on Friday. The firm’s fifty day simple moving average is $54.91 and its 200-day simple moving average is $51.65. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. First Industrial Realty Trust has a 1-year low of $40.31 and a 1-year high of $58.42. The company has a market capitalization of $7.66 billion, a P/E ratio of 32.32 and a beta of 1.13.

First Industrial Realty Trust (NYSE:FR) last announced its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share (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 firm had revenue of $181.43 million during the quarter, compared to analysts’ expectations of $182.63 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company’s revenue 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. Sell-side analysts forecast that First Industrial Realty Trust will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business 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 is Wednesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 99.44%.

Analyst Ratings Changes

A number of research firms have issued reports on FR. Cantor Fitzgerald began coverage on First Industrial Realty Trust in a research report on Wednesday, October 1st. They set a “neutral” rating and a $55.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of First Industrial Realty Trust in a research note on Friday, October 31st. Industrial Alliance Securities set a $55.00 price objective on shares of First Industrial Realty Trust in a report on Wednesday, October 1st. Mizuho increased their target price on First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Barclays set a $54.00 price target on shares of First Industrial Realty Trust in a research note on Monday, November 3rd. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $57.85.

Institutional Trading of First Industrial Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its position in First Industrial Realty Trust by 1.9% in the third quarter. Crossmark Global Holdings Inc. now owns 9,550 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 179 shares in the last quarter. AlphaQuest LLC lifted its position in shares of First Industrial Realty Trust by 0.5% during the third quarter. AlphaQuest LLC now owns 41,416 shares of the real estate investment trust’s stock worth $2,132,000 after purchasing an additional 193 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of First Industrial Realty Trust by 3.6% during the third quarter. Global Retirement Partners LLC now owns 5,670 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 195 shares during the last quarter. Assetmark Inc. boosted its stake in shares of First Industrial Realty Trust by 7.1% in the 3rd quarter. Assetmark Inc. now owns 2,994 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 198 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of First Industrial Realty Trust by 15.9% during the 2nd quarter. Fifth Third Bancorp now owns 1,503 shares of the real estate investment trust’s stock valued at $72,000 after acquiring an additional 206 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Company 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.