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

First Industrial Realty Trust, Inc. (NYSE:FR) was the recipient of some unusual options trading on Tuesday. Stock investors acquired 20,012 call options on the company. This represents an increase of approximately 4,966% compared to the average daily volume of 395 call options.

Insider Activity

In related news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $58.37, for a total transaction of $39,691.60. Following the completion of the transaction, the executive directly owned 3,770 shares of the company’s stock, valued at approximately $220,054.90. This represents a 15.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On First Industrial Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Measured Wealth Private Client Group LLC bought a new position in shares of First Industrial Realty Trust in the 3rd quarter worth approximately $26,000. Mather Group LLC. bought a new stake in shares of First Industrial Realty Trust in the 3rd quarter worth about $39,000. Elevation Point Wealth Partners LLC purchased a new position in First Industrial Realty Trust in the second quarter worth about $40,000. SJS Investment Consulting Inc. bought a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at approximately $47,000. Finally, Danske Bank A S bought a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at approximately $51,000. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Up 0.3%

NYSE FR traded up $0.21 during trading hours on Tuesday, hitting $59.08. The company had a trading volume of 749,893 shares, compared to its average volume of 854,494. First Industrial Realty Trust has a fifty-two week low of $40.31 and a fifty-two week high of $59.48. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 33.00 and a beta of 1.14. The firm’s 50 day moving average is $57.26 and its 200 day moving average is $53.31.

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

First Industrial Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Wednesday, December 31st will be paid a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.78 annualized dividend and a yield of 3.0%. First Industrial Realty Trust’s dividend payout ratio is currently 99.44%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their target price on First Industrial Realty Trust from $53.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Barclays restated a “positive” rating and set a $64.00 price target on shares of First Industrial Realty Trust in a research note on Tuesday. Cantor Fitzgerald restated a “neutral” rating and issued a $58.00 target price on shares of First Industrial Realty Trust in a research note on Monday, January 5th. Scotiabank lifted their price target on shares of First Industrial Realty Trust from $54.00 to $57.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of First Industrial Realty Trust in a research note on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.31.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.