Envestnet Portfolio Solutions Inc. Sells 1,082 Shares of First Industrial Realty Trust, Inc. $FR

Envestnet Portfolio Solutions Inc. cut its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 13.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,683 shares of the real estate investment trust’s stock after selling 1,082 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in First Industrial Realty Trust were worth $322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FR. Wealth Enhancement Advisory Services LLC raised its stake in First Industrial Realty Trust by 26.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,935 shares of the real estate investment trust’s stock valued at $536,000 after buying an additional 2,106 shares during the last quarter. GAMMA Investing LLC raised its stake in First Industrial Realty Trust by 55.4% during the 1st quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 599 shares during the last quarter. Summit Trail Advisors LLC raised its stake in First Industrial Realty Trust by 155.1% during the 1st quarter. Summit Trail Advisors LLC now owns 10,718 shares of the real estate investment trust’s stock valued at $583,000 after buying an additional 6,516 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in First Industrial Realty Trust during the 1st quarter valued at $40,294,000. Finally, FJ Capital Management LLC raised its stake in First Industrial Realty Trust by 76.8% during the 1st quarter. FJ Capital Management LLC now owns 38,445 shares of the real estate investment trust’s stock valued at $2,074,000 after buying an additional 16,704 shares during the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Trading Up 0.3%

Shares of FR stock opened at $55.81 on Friday. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $58.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.04 and a current ratio of 0.91. The firm has a market capitalization of $7.39 billion, a PE ratio of 31.18 and a beta of 1.07. The stock has a fifty day simple moving average of $52.00 and a two-hundred day simple moving average of $49.82.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $181.43 million during the quarter, compared to analyst estimates of $182.63 million. During the same quarter in the prior year, the business posted $0.69 EPS. First Industrial Realty Trust’s revenue for the quarter 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. On average, analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, September 30th. First Industrial Realty Trust’s dividend payout ratio is presently 99.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Scotiabank boosted their target price on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 27th. Mizuho boosted their target price on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, September 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of First Industrial Realty Trust in a research note on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of First Industrial Realty Trust in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, First Industrial Realty Trust has a consensus rating of “Hold” and a consensus price target of $56.00.

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.