Traders Purchase Large Volume of First Industrial Realty Trust Call Options (NYSE:FR)

First Industrial Realty Trust, Inc. (NYSE:FR) was the recipient of unusually large options trading activity on Friday. Stock investors acquired 20,151 call options on the company. This represents an increase of approximately 167,825% compared to the average daily volume of 12 call options.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FR. Cantor Fitzgerald started coverage on shares of First Industrial Realty Trust in a report on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 target price for the company. Mizuho upped their price objective on First Industrial Realty Trust from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Industrial Realty Trust in a research report on Friday, October 31st. Wells Fargo & Company boosted their target price on First Industrial Realty Trust from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Finally, Industrial Alliance Securities set a $55.00 price target on First Industrial Realty Trust in a report on Wednesday, October 1st. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $57.85.

First Industrial Realty Trust Price Performance

FR stock traded up $1.11 on Friday, reaching $57.88. 646,907 shares of the company’s stock were exchanged, compared to its average volume of 1,163,297. First Industrial Realty Trust has a twelve month low of $40.31 and a twelve month high of $58.17. The firm has a market cap of $7.66 billion, a PE ratio of 32.29 and a beta of 1.13. The stock has a fifty day moving average of $54.79 and a 200-day moving average of $51.59. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.88.

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

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.78 annualized dividend and a yield of 3.1%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 99.44%.

Hedge Funds Weigh In On First Industrial Realty Trust

A number of institutional investors have recently made changes to their positions in FR. Vanguard Group Inc. increased its position in First Industrial Realty Trust by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 19,349,577 shares of the real estate investment trust’s stock worth $1,044,103,000 after purchasing an additional 158,692 shares in the last quarter. Norges Bank purchased a new position in shares of First Industrial Realty Trust during the second quarter valued at approximately $272,085,000. Invesco Ltd. boosted its position in First Industrial Realty Trust by 2.0% during the first quarter. Invesco Ltd. now owns 4,364,135 shares of the real estate investment trust’s stock worth $235,489,000 after acquiring an additional 87,229 shares during the last quarter. Prudential Financial Inc. grew its stake in First Industrial Realty Trust by 29.0% in the 2nd quarter. Prudential Financial Inc. now owns 2,617,338 shares of the real estate investment trust’s stock worth $137,215,000 after acquiring an additional 588,208 shares during the period. Finally, Citadel Advisors LLC raised its holdings in First Industrial Realty Trust by 70.8% in the 3rd quarter. Citadel Advisors LLC now owns 2,498,172 shares of the real estate investment trust’s stock valued at $128,581,000 after acquiring an additional 1,035,385 shares during the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

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.