First Industrial Realty Trust, Inc. $FR Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 1.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 252,900 shares of the real estate investment trust’s stock after selling 3,500 shares during the period. Swiss National Bank owned about 0.19% of First Industrial Realty Trust worth $12,172,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. True Wealth Design LLC grew its position in shares of First Industrial Realty Trust by 988.7% during the 2nd quarter. True Wealth Design LLC now owns 1,252 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 1,137 shares during the period. IFP Advisors Inc raised its holdings in First Industrial Realty Trust by 272.5% in the 2nd quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 973 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in First Industrial Realty Trust during the first quarter worth approximately $69,000. Fifth Third Bancorp grew its holdings in First Industrial Realty Trust by 15.9% in the second quarter. Fifth Third Bancorp now owns 1,503 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 206 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in First Industrial Realty Trust by 4,697.1% in the second quarter. Hantz Financial Services Inc. now owns 1,679 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 1,644 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Up 1.1%

Shares of NYSE FR opened at $57.66 on Friday. The stock has a market cap of $7.64 billion, a PE ratio of 32.21 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, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17. The company has a 50-day moving average of $54.28 and a 200 day moving average of $51.39.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results 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. The business had revenue of $181.43 million for the quarter, compared to analysts’ expectations of $182.63 million. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. As a group, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Wednesday, December 31st will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, December 31st. First Industrial Realty Trust’s dividend payout ratio is presently 99.44%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FR. Cantor Fitzgerald began coverage on First Industrial Realty Trust in a research report on Wednesday, October 1st. They set a “neutral” rating and a $55.00 target price on the stock. Scotiabank upped their price objective on shares of First Industrial Realty Trust from $54.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Mizuho increased their price objective on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, September 8th. Barclays set a $54.00 target price on shares of First Industrial Realty Trust in a research report on Monday, November 3rd. Finally, Industrial Alliance Securities set a $55.00 price target on shares of First Industrial Realty Trust in a research report on Wednesday, October 1st. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $57.00.

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.