First Industrial Realty Trust, Inc. $FR Position Boosted by True Wealth Design LLC

True Wealth Design LLC increased its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 988.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,252 shares of the real estate investment trust’s stock after purchasing an additional 1,137 shares during the period. True Wealth Design LLC’s holdings in First Industrial Realty Trust were worth $60,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Metis Global Partners LLC grew its position in shares of First Industrial Realty Trust by 30.7% in the 2nd quarter. Metis Global Partners LLC now owns 21,913 shares of the real estate investment trust’s stock worth $1,055,000 after acquiring an additional 5,144 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of First Industrial Realty Trust by 13.2% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,342,835 shares of the real estate investment trust’s stock valued at $112,761,000 after acquiring an additional 272,638 shares in the last quarter. Savant Capital LLC lifted its stake in First Industrial Realty Trust by 369.6% during the second quarter. Savant Capital LLC now owns 37,149 shares of the real estate investment trust’s stock worth $1,788,000 after purchasing an additional 29,239 shares during the last quarter. Bank of Montreal Can boosted its holdings in First Industrial Realty Trust by 183.3% in the second quarter. Bank of Montreal Can now owns 171,753 shares of the real estate investment trust’s stock worth $8,266,000 after purchasing an additional 111,130 shares during the period. Finally, Versor Investments LP acquired a new position in First Industrial Realty Trust in the second quarter worth $1,019,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

NYSE FR opened at $56.29 on Friday. The company has a 50-day moving average price of $53.07 and a two-hundred day moving average price of $50.63. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 31.45 and a beta of 1.09. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping 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 business had revenue of $181.43 million during the quarter, compared to the consensus estimate of $182.63 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. Analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders 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 dividend yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio is presently 99.44%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FR shares. Scotiabank raised their price target on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Cantor Fitzgerald assumed coverage on shares of First Industrial Realty Trust in a research note on Wednesday, October 1st. They set a “neutral” rating and a $55.00 price objective on the stock. Industrial Alliance Securities set a $55.00 target price on First Industrial Realty Trust in a research note on Wednesday, October 1st. Wells Fargo & Company increased their price target on First Industrial Realty Trust from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of First Industrial Realty Trust in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.75.

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.