PharVision Advisers LLC Has $577,000 Stock Holdings in First Industrial Realty Trust, Inc. $FR

Key Points

• PharVision Advisers LLC increased its stake in First Industrial Realty Trust by 103.3% in the first quarter, making it the fund's seventh largest position with holdings valued at $577,000.
• First Industrial Realty Trust reported a quarterly earnings per share (EPS) of $0.76, exceeding expectations of $0.72, alongside a 9.8% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.445 per share, translating to an annualized dividend yield of 3.4%, with a payout ratio currently at 86.83%.

PharVision Advisers LLC raised its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 103.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,684 shares of the real estate investment trust's stock after buying an additional 5,429 shares during the period. First Industrial Realty Trust comprises 0.8% of PharVision Advisers LLC's portfolio, making the stock its 7th biggest position. PharVision Advisers LLC's holdings in First Industrial Realty Trust were worth $577,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Industrial Realty Trust by 26.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,935 shares of the real estate investment trust's stock worth $536,000 after buying an additional 2,106 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of First Industrial Realty Trust by 55.4% during the first quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust's stock worth $91,000 after buying an additional 599 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of First Industrial Realty Trust by 155.1% during the first quarter. Summit Trail Advisors LLC now owns 10,718 shares of the real estate investment trust's stock worth $583,000 after buying an additional 6,516 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of First Industrial Realty Trust during the first quarter worth approximately $481,000. Finally, ProShare Advisors LLC increased its holdings in shares of First Industrial Realty Trust by 7.3% during the fourth quarter. ProShare Advisors LLC now owns 6,192 shares of the real estate investment trust's stock worth $310,000 after buying an additional 423 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FR shares. Mizuho raised their price objective 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. Wall Street Zen raised shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Scotiabank raised their price target on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the company a "sector perform" rating in a report on Wednesday, August 27th. Finally, Wells Fargo & Company lowered their price target on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $54.80.

First Industrial Realty Trust Stock Performance

Shares of First Industrial Realty Trust stock traded up $1.01 during trading on Thursday, hitting $52.10. 233,740 shares of the stock were exchanged, compared to its average volume of 1,233,922. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 25.42 and a beta of 1.08. The company has a fifty day moving average price of $49.89 and a 200-day moving average price of $50.31. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $58.17. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88.

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

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Tuesday, September 30th will be paid a $0.445 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.4%. First Industrial Realty Trust's dividend payout ratio is 86.83%.

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.