XTX Topco Ltd Has $647,000 Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

XTX Topco Ltd grew its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 23.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,627 shares of the real estate investment trust’s stock after buying an additional 2,597 shares during the period. XTX Topco Ltd’s holdings in First Industrial Realty Trust were worth $647,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of FR. Norges Bank purchased a new position in First Industrial Realty Trust during the 4th quarter worth $78,559,000. Frontier Capital Management Co. LLC lifted its holdings in shares of First Industrial Realty Trust by 788.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,245,455 shares of the real estate investment trust’s stock worth $65,598,000 after acquiring an additional 1,105,286 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in First Industrial Realty Trust by 23.6% in the fourth quarter. Centersquare Investment Management LLC now owns 4,551,501 shares of the real estate investment trust’s stock worth $239,728,000 after buying an additional 869,676 shares in the last quarter. Russell Investments Group Ltd. boosted its position in First Industrial Realty Trust by 328.4% during the first quarter. Russell Investments Group Ltd. now owns 750,189 shares of the real estate investment trust’s stock valued at $39,413,000 after buying an additional 575,057 shares during the period. Finally, Lasalle Investment Management Securities LLC grew its holdings in shares of First Industrial Realty Trust by 49.7% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 1,633,051 shares of the real estate investment trust’s stock worth $86,013,000 after purchasing an additional 541,909 shares during the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Up 0.5 %

Shares of FR opened at $55.80 on Tuesday. The company has a market cap of $7.38 billion, a PE ratio of 25.71 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 52-week low of $40.44 and a 52-week high of $57.35. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average of $54.77 and a 200 day moving average of $50.85.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.25). The company had revenue of $164.10 million for the quarter, compared to the consensus estimate of $163.48 million. First Industrial Realty Trust had a net margin of 44.46% and a return on equity of 10.72%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS. On average, sell-side analysts expect that First Industrial Realty Trust, Inc. will post 2.62 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Monday, September 30th. First Industrial Realty Trust’s dividend payout ratio is 68.20%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial boosted their price target on shares of First Industrial Realty Trust from $54.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Scotiabank lifted their price target on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. The Goldman Sachs Group raised their target price on shares of First Industrial Realty Trust from $46.00 to $52.00 and gave the stock a “sell” rating in a research note on Friday, July 26th. Royal Bank of Canada boosted their price objective on First Industrial Realty Trust from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Finally, Wolfe Research upgraded shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 target price for the company in a research report on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.46.

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.