First Industrial Realty Trust, Inc. $FR Stake Lifted by True Wealth Design LLC

True Wealth Design LLC increased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 988.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in First Industrial Realty Trust by 272.5% during the 2nd quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 973 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in First Industrial Realty Trust during the first quarter valued at about $69,000. Fifth Third Bancorp grew its holdings in First Industrial Realty Trust by 15.9% during the second quarter. Fifth Third Bancorp now owns 1,503 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 206 shares during the period. Hantz Financial Services Inc. grew its holdings in First Industrial Realty Trust by 4,697.1% during the second quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 1,644 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in First Industrial Realty Trust in the second quarter worth about $87,000. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of First Industrial Realty Trust in a research note on Friday, October 31st. Mizuho raised their target price on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, September 8th. Cantor Fitzgerald began coverage on shares of First Industrial Realty Trust in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on First Industrial Realty Trust from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Finally, Wells Fargo & Company raised their price objective on First Industrial Realty Trust from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.75.

First Industrial Realty Trust Stock Up 2.1%

FR stock opened at $56.29 on Friday. 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 firm has a market capitalization of $7.45 billion, a P/E ratio of 31.45 and a beta of 1.09. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $58.17. The company’s 50 day simple moving average is $53.07 and its 200-day simple moving average is $50.63.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. First Industrial Realty Trust had a net margin of 33.18% and a return on equity of 8.65%. The firm had revenue of $181.43 million for the quarter, compared to analysts’ expectations of $182.63 million. During the same period in the previous year, the company posted $0.69 EPS. The company’s quarterly 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 research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Wednesday, December 31st will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 31st. First Industrial Realty Trust’s payout ratio is presently 99.44%.

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.