American Century Companies Inc. Has $2.03 Million Position in First Industrial Realty Trust, Inc. (NYSE:FR)

American Century Companies Inc. grew its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,763 shares of the real estate investment trust’s stock after purchasing an additional 3,884 shares during the period. American Century Companies Inc.’s holdings in First Industrial Realty Trust were worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in First Industrial Realty Trust by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 19,190,794 shares of the real estate investment trust’s stock worth $1,008,284,000 after purchasing an additional 77,270 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in First Industrial Realty Trust by 8.4% during the 1st quarter. Centersquare Investment Management LLC now owns 4,932,306 shares of the real estate investment trust’s stock worth $259,143,000 after purchasing an additional 380,805 shares during the last quarter. Nomura Holdings Inc. raised its holdings in First Industrial Realty Trust by 14.9% during the 4th quarter. Nomura Holdings Inc. now owns 3,110,986 shares of the real estate investment trust’s stock worth $163,856,000 after purchasing an additional 402,744 shares during the last quarter. Victory Capital Management Inc. raised its holdings in First Industrial Realty Trust by 7.3% during the 2nd quarter. Victory Capital Management Inc. now owns 2,177,761 shares of the real estate investment trust’s stock worth $103,465,000 after purchasing an additional 148,996 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC raised its holdings in First Industrial Realty Trust by 49.7% during the 4th 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 currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Up 1.0 %

Shares of FR opened at $56.04 on Friday. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 25.82 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 1 year low of $40.44 and a 1 year high of $57.35. The business’s 50 day simple moving average is $55.08 and its 200-day simple moving average is $50.96. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 1.16.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. As a group, equities analysts expect that First Industrial Realty Trust, Inc. will post 2.62 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Monday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 68.20%.

Analyst Upgrades and Downgrades

FR has been the subject of several recent analyst reports. BNP Paribas initiated coverage on shares of First Industrial Realty Trust in a research report on Tuesday, June 4th. They set an “outperform” rating and a $57.00 price objective for the company. Wolfe Research raised shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 price target for the company in a research report on Tuesday, August 13th. Scotiabank lifted their price target on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Truist Financial lifted 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. Finally, Wells Fargo & Company lifted their price target on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Two investment 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, First Industrial Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $56.46.

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.