First Hawaiian Bank Has $457,000 Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

First Hawaiian Bank cut its position in First Industrial Realty Trust, Inc. (NYSE:FRGet Rating) by 3.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,389 shares of the real estate investment trust’s stock after selling 255 shares during the quarter. First Hawaiian Bank’s holdings in First Industrial Realty Trust were worth $457,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FR. Cornerstone Advisory LLC acquired a new position in First Industrial Realty Trust in the fourth quarter valued at about $33,000. MUFG Americas Holdings Corp lifted its position in shares of First Industrial Realty Trust by 97.3% during the fourth quarter. MUFG Americas Holdings Corp now owns 517 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 255 shares in the last quarter. Sageworth Trust Co of South Dakota acquired a new position in shares of First Industrial Realty Trust during the fourth quarter worth approximately $35,000. Koshinski Asset Management Inc. acquired a new position in shares of First Industrial Realty Trust during the fourth quarter worth approximately $36,000. Finally, Fieldpoint Private Securities LLC lifted its position in shares of First Industrial Realty Trust by 29.4% during the fourth quarter. Fieldpoint Private Securities LLC now owns 770 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 96.39% of the company’s stock.

Shares of NYSE:FR opened at $47.46 on Friday. First Industrial Realty Trust, Inc. has a 52 week low of $45.79 and a 52 week high of $66.74. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $6.26 billion, a PE ratio of 25.39 and a beta of 0.94. The company has a 50 day moving average price of $54.10 and a two-hundred day moving average price of $58.63.

First Industrial Realty Trust (NYSE:FRGet Rating) last issued its earnings results on Wednesday, April 20th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. First Industrial Realty Trust had a net margin of 50.47% and a return on equity of 11.40%. The firm had revenue of $125.50 million during the quarter, compared to the consensus estimate of $123.45 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 2.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 18th. Shareholders of record on Thursday, June 30th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 2.49%. The ex-dividend date is Wednesday, June 29th. First Industrial Realty Trust’s payout ratio is presently 63.10%.

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of First Industrial Realty Trust from $70.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, June 16th. Mizuho cut their price objective on shares of First Industrial Realty Trust from $64.00 to $55.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. StockNews.com began coverage on shares of First Industrial Realty Trust in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Truist Financial cut their price objective on shares of First Industrial Realty Trust from $66.00 to $63.00 in a report on Monday, May 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $51.66.

About First Industrial Realty Trust (Get Rating)

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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Institutional Ownership by Quarter for First Industrial Realty Trust (NYSE:FR)

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