First Industrial Realty Trust, Inc. $FR Stock Holdings Lessened by Vanderbilt University

Key Points

• Vanderbilt University has significantly reduced its holdings in First Industrial Realty Trust by 88.9%, now owning only 17,102 shares worth approximately $823,000.
• Multiple analysts have updated their price targets for the stock, with Cantor Fitzgerald and Industrial Alliance Securities both setting targets of $55.00, while Mizuho raised theirs to $56.00.
• First Industrial Realty Trust recently reported earnings per share of $0.76 for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.445 per share set to be paid on October 20th.

Vanderbilt University lessened its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 88.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,102 shares of the real estate investment trust's stock after selling 137,295 shares during the period. Vanderbilt University's holdings in First Industrial Realty Trust were worth $823,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FR. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of First Industrial Realty Trust in the 4th quarter worth about $392,000. GAMMA Investing LLC boosted its position in shares of First Industrial Realty Trust by 8,283.3% during the 1st quarter. GAMMA Investing LLC now owns 90,707 shares of the real estate investment trust's stock valued at $4,895,000 after purchasing an additional 89,625 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of First Industrial Realty Trust by 285.1% during the 1st quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 821 shares in the last quarter. Rhumbline Advisers boosted its position in shares of First Industrial Realty Trust by 0.4% during the 1st quarter. Rhumbline Advisers now owns 407,607 shares of the real estate investment trust's stock valued at $21,994,000 after purchasing an additional 1,693 shares in the last quarter. Finally, Lake Street Private Wealth LLC boosted its position in shares of First Industrial Realty Trust by 5.2% during the 1st quarter. Lake Street Private Wealth LLC now owns 6,744 shares of the real estate investment trust's stock valued at $364,000 after purchasing an additional 335 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald initiated coverage on shares of First Industrial Realty Trust in a research report on Wednesday. They set a "neutral" rating and a $55.00 price objective for the company. Scotiabank raised their target price on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 27th. Wall Street Zen upgraded shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Industrial Alliance Securities set a $55.00 target price on shares of First Industrial Realty Trust in a report on Wednesday. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, First Industrial Realty Trust presently has an average rating of "Hold" and a consensus price target of $55.00.

First Industrial Realty Trust Stock Performance

FR stock opened at $51.50 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $6.82 billion, a P/E ratio of 25.12 and a beta of 1.07. The firm has a 50 day simple moving average of $50.63 and a 200 day simple moving average of $49.79. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.72 by $0.04. The business had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. Research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.5%. First Industrial Realty Trust's dividend payout ratio is 86.83%.

First Industrial Realty Trust 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.

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