First Industrial Realty Trust, Inc. $FR Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 120.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,807 shares of the real estate investment trust’s stock after acquiring an additional 30,470 shares during the period. Exchange Traded Concepts LLC’s holdings in First Industrial Realty Trust were worth $2,872,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC acquired a new stake in shares of First Industrial Realty Trust during the second quarter worth about $40,000. True Wealth Design LLC grew its stake in 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 worth $60,000 after buying an additional 1,137 shares during the last quarter. IFP Advisors Inc increased its position in First Industrial Realty Trust by 272.5% during the second quarter. IFP Advisors Inc now owns 1,330 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 973 shares during the period. Fifth Third Bancorp lifted its stake 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 buying an additional 206 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake 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 buying an additional 1,644 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FR. Scotiabank lifted their target price on shares of First Industrial Realty Trust from $54.00 to $57.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Mizuho raised their price objective on shares of First Industrial Realty Trust from $56.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Wells Fargo & Company upped their target price on shares of First Industrial Realty Trust from $53.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Barclays set a $54.00 target price on shares of First Industrial Realty Trust in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of First Industrial Realty Trust in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.85.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $58.42 on Friday. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 32.64 and a beta of 1.13. The business’s 50 day moving average is $56.67 and its two-hundred day moving average is $52.52. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $59.43. 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 posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $181.43 million during 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 company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. Research 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 disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Wednesday, December 31st will be issued 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 yield of 3.0%. First Industrial Realty Trust’s payout ratio is currently 99.44%.

Insiders Place Their Bets

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 680 shares of the company’s 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 approximately $220,054.90. This represents a 15.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.06% of the company’s stock.

About First Industrial Realty Trust

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.