Kapitalo Investimentos Ltda Makes New Investment in First Industrial Realty Trust, Inc. (NYSE:FR)

Kapitalo Investimentos Ltda purchased a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) during the third quarter, HoldingsChannel reports. The institutional investor purchased 4,524 shares of the real estate investment trust’s stock, valued at approximately $253,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in First Industrial Realty Trust by 46.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Azzad Asset Management Inc. ADV grew its holdings in shares of First Industrial Realty Trust by 4.8% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 6,472 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 295 shares in the last quarter. Fortem Financial Group LLC increased its position in shares of First Industrial Realty Trust by 4.6% in the second quarter. Fortem Financial Group LLC now owns 9,868 shares of the real estate investment trust’s stock valued at $469,000 after acquiring an additional 438 shares during the last quarter. UMB Bank n.a. raised its holdings in First Industrial Realty Trust by 116.2% during the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 466 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its holdings in First Industrial Realty Trust by 781.7% during the first quarter. Farmers & Merchants Investments Inc. now owns 529 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 469 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Price Performance

Shares of NYSE FR opened at $55.91 on Thursday. The firm has a market cap of $7.40 billion, a P/E ratio of 25.76 and a beta of 1.08. The business’s 50 day moving average is $55.39 and its 200-day moving average is $51.18. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. First Industrial Realty Trust, Inc. has a 1-year low of $40.44 and a 1-year high of $57.35.

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

First Industrial Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, September 30th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Monday, September 30th. First Industrial Realty Trust’s dividend payout ratio is 68.20%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FR shares. Mizuho boosted their price target on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Wells Fargo & Company upped their price target on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Truist Financial increased 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 note on Monday, August 5th. Scotiabank boosted their price objective 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. Finally, The Goldman Sachs Group raised their target price on shares of First Industrial Realty Trust from $46.00 to $52.00 and gave the company a “sell” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.92.

First Industrial Realty Trust 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.