Point72 Asia Singapore Pte. Ltd. Acquires 1,627 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 78.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,691 shares of the real estate investment trust’s stock after acquiring an additional 1,627 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in First Industrial Realty Trust were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new stake in shares of First Industrial Realty Trust in the 2nd quarter valued at about $2,824,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of First Industrial Realty Trust by 17.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 531,900 shares of the real estate investment trust’s stock valued at $25,271,000 after buying an additional 79,515 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in First Industrial Realty Trust by 2.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust’s stock worth $61,632,000 after purchasing an additional 26,353 shares in the last quarter. United Services Automobile Association acquired a new stake in First Industrial Realty Trust in the 2nd quarter worth approximately $507,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in First Industrial Realty Trust by 2,886.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,843 shares of the real estate investment trust’s stock worth $1,055,000 after purchasing an additional 18,212 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Trading Down 0.7 %

Shares of FR stock opened at $52.41 on Thursday. The company’s 50-day moving average price is $53.88 and its 200-day moving average price is $52.38. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 22.49 and a beta of 1.07. First Industrial Realty Trust, Inc. has a twelve month low of $45.10 and a twelve month high of $57.35.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $167.60 million for the quarter, compared to analysts’ expectations of $164.01 million. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. As a group, equities analysts predict that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.82%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 63.52%.

Analyst Ratings Changes

FR has been the subject of a number of recent analyst reports. Mizuho lifted their target price on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. 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 note on Tuesday, August 13th. Scotiabank lifted their target price 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. Barclays reduced their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, Wells Fargo & Company raised 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, First Industrial Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $57.83.

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.