Exchange Traded Concepts LLC Grows Stake in First Industrial Realty Trust, Inc. $FR

Exchange Traded Concepts LLC boosted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 120.3% during the third quarter, Holdings Channel reports. The firm owned 55,807 shares of the real estate investment trust’s stock after buying an additional 30,470 shares during the quarter. Exchange Traded Concepts LLC’s holdings in First Industrial Realty Trust were worth $2,872,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Aaron Wealth Advisors LLC acquired a new position in shares of First Industrial Realty Trust during the 3rd quarter worth $1,134,000. Corient Private Wealth LLC grew its stake in First Industrial Realty Trust by 0.9% in the 2nd quarter. Corient Private Wealth LLC now owns 26,595 shares of the real estate investment trust’s stock valued at $1,280,000 after acquiring an additional 229 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in First Industrial Realty Trust by 8.4% during the 2nd quarter. Texas Permanent School Fund Corp now owns 96,383 shares of the real estate investment trust’s stock valued at $4,639,000 after acquiring an additional 7,499 shares in the last quarter. Osaic Holdings Inc. raised its position in First Industrial Realty Trust by 158.3% during the second quarter. Osaic Holdings Inc. now owns 4,859 shares of the real estate investment trust’s stock worth $235,000 after acquiring an additional 2,978 shares during the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in First Industrial Realty Trust by 14.3% during the second quarter. Orion Porfolio Solutions LLC now owns 11,471 shares of the real estate investment trust’s stock worth $552,000 after acquiring an additional 1,439 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Up 1.9%

Shares of FR opened at $58.42 on Friday. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $59.43. The company has a market capitalization of $7.74 billion, a PE ratio of 32.64 and a beta of 1.13. The stock has a fifty day moving average of $56.67 and a two-hundred day moving average of $52.52. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 0.91.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $181.43 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. As a group, analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FR shares. The Goldman Sachs Group raised their price objective on shares of First Industrial Realty Trust from $53.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Cantor Fitzgerald started coverage on First Industrial Realty Trust in a report on Wednesday, October 1st. They set a “neutral” rating and a $55.00 target price on the stock. Royal Bank Of Canada boosted their price target on First Industrial Realty Trust from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. JPMorgan Chase & Co. upped 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 lifted 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 report on Monday, October 27th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, First Industrial Realty Trust has an average rating of “Hold” and an average target price of $57.85.

Insider Activity at First Industrial Realty Trust

In other news, CIO Johannson L. Yap sold 680 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $58.37, for a total transaction of $39,691.60. Following the transaction, the executive directly owned 3,770 shares in the company, valued at $220,054.90. This represents a 15.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.06% of the stock is currently owned by corporate insiders.

First Industrial Realty Trust Profile

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.