Vanguard Personalized Indexing Management LLC Decreases Holdings in First Industrial Realty Trust, Inc. $FR

Vanguard Personalized Indexing Management LLC decreased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,336 shares of the real estate investment trust’s stock after selling 447 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in First Industrial Realty Trust were worth $690,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Inspire Investing LLC boosted its holdings in First Industrial Realty Trust by 28.2% in the 2nd quarter. Inspire Investing LLC now owns 8,173 shares of the real estate investment trust’s stock worth $393,000 after buying an additional 1,800 shares during the last quarter. Aberdeen Group plc raised its holdings in shares of First Industrial Realty Trust by 8.4% during the second quarter. Aberdeen Group plc now owns 38,487 shares of the real estate investment trust’s stock valued at $1,852,000 after acquiring an additional 2,992 shares during the last quarter. IFP Advisors Inc lifted its position in shares of First Industrial Realty Trust by 272.5% in the second quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 973 shares in the last quarter. KLP Kapitalforvaltning AS boosted its stake in shares of First Industrial Realty Trust by 5.0% in the second quarter. KLP Kapitalforvaltning AS now owns 27,200 shares of the real estate investment trust’s stock worth $1,319,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC acquired a new stake in shares of First Industrial Realty Trust in the second quarter worth approximately $746,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Cantor Fitzgerald started coverage on First Industrial Realty Trust in a report on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of First Industrial Realty Trust in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. 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. Finally, Industrial Alliance Securities set a $55.00 target price on shares of First Industrial Realty Trust in a research note on Wednesday, October 1st. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, First Industrial Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $55.00.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock opened at $56.06 on Tuesday. The firm has a 50 day simple moving average of $51.58 and a 200-day simple moving average of $49.66. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 31.32 and a beta of 1.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.91 and a quick ratio of 1.04. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $58.17.

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 for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $181.43 million during the quarter, compared to analyst estimates of $182.63 million. First Industrial Realty Trust had a return on equity of 8.65% and a net margin of 33.18%.The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.69 earnings per share. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. On average, analysts expect 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 announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th were given a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.2%. First Industrial Realty Trust’s dividend 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.