First Industrial Realty Trust, Inc. $FR Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont reduced its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 61.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 644 shares of the real estate investment trust’s stock after selling 1,013 shares during the quarter. Trust Co. of Vermont’s holdings in First Industrial Realty Trust were worth $31,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in shares of First Industrial Realty Trust by 93.0% in the 1st quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 225 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of First Industrial Realty Trust in the 1st quarter worth about $26,000. Parallel Advisors LLC lifted its position in shares of First Industrial Realty Trust by 285.1% in the 1st quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 821 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of First Industrial Realty Trust in the 1st quarter worth about $69,000. Finally, Fifth Third Bancorp lifted its position in shares of First Industrial Realty Trust by 22.2% in the 1st quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 236 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FR has been the topic of a number of recent research reports. Scotiabank raised their price target on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Industrial Alliance Securities set a $55.00 price objective on shares of First Industrial Realty Trust in a report on Wednesday. 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. Mizuho increased 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, September 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Industrial Realty Trust in a report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.00.

First Industrial Realty Trust Stock Up 0.3%

First Industrial Realty Trust stock opened at $51.68 on Friday. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 25.21 and a beta of 1.07. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $50.67 and its two-hundred day moving average price is $49.77. 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) last released its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.72 by $0.04. The firm had revenue of $180.16 million for 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%. First Industrial Realty Trust’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.66 EPS. First Industrial Realty Trust has set its FY 2025 guidance at 2.880-2.960 EPS. On average, analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.78 annualized dividend and a yield of 3.4%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 86.83%.

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.