SG Americas Securities LLC Buys 76,133 Shares of First Industrial Realty Trust, Inc. $FR

SG Americas Securities LLC grew its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 1,112.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,979 shares of the real estate investment trust’s stock after acquiring an additional 76,133 shares during the period. SG Americas Securities LLC’s holdings in First Industrial Realty Trust were worth $4,271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Castellan Group acquired a new stake in First Industrial Realty Trust during the 3rd quarter worth approximately $3,645,000. Park Avenue Securities LLC increased its position in First Industrial Realty Trust by 10.0% during the 3rd quarter. Park Avenue Securities LLC now owns 11,908 shares of the real estate investment trust’s stock worth $613,000 after buying an additional 1,083 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in shares of First Industrial Realty Trust by 7.0% during the third quarter. KLP Kapitalforvaltning AS now owns 29,100 shares of the real estate investment trust’s stock worth $1,509,000 after buying an additional 1,900 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of First Industrial Realty Trust by 3.6% in the third quarter. Global Retirement Partners LLC now owns 5,670 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 195 shares during the period. Finally, SJS Investment Consulting Inc. bought a new stake in shares of First Industrial Realty Trust in the third quarter valued at about $47,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FR. UBS Group set a $62.00 price objective on shares of First Industrial Realty Trust in a research note on Thursday, December 4th. Robert W. Baird set a $64.00 target price on shares of First Industrial Realty Trust in a report on Thursday. Barclays set a $54.00 price target on shares of First Industrial Realty Trust in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of First Industrial Realty Trust in a research report on Friday, October 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $58.00 price objective on shares of First Industrial Realty Trust in a report on Monday, January 5th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.54.

Insiders Place Their Bets

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of First Industrial Realty Trust stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total value of $39,691.60. Following 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 at this link. 0.94% of the stock is owned by company insiders.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $59.23 on Monday. The firm’s 50 day simple moving average is $57.18 and its 200 day simple moving average is $53.24. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 33.09 and a beta of 1.14. 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, Inc. has a 1 year low of $40.31 and a 1 year high of $59.43.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $181.43 million during the quarter, compared to analysts’ expectations of $182.63 million. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 earnings per share. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. As a group, research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Wednesday, December 31st will be paid a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.78 annualized dividend and a yield of 3.0%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 99.44%.

About First Industrial Realty Trust

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.