Signaturefd LLC Grows Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Signaturefd LLC grew its position in First Industrial Realty Trust, Inc. (NYSE:FRGet Rating) by 70.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,969 shares of the real estate investment trust’s stock after acquiring an additional 1,638 shares during the quarter. Signaturefd LLC’s holdings in First Industrial Realty Trust were worth $246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FR. National Bank of Canada FI purchased a new position in shares of First Industrial Realty Trust in the fourth quarter valued at approximately $3,376,000. New York State Teachers Retirement System lifted its position in shares of First Industrial Realty Trust by 196.6% in the fourth quarter. New York State Teachers Retirement System now owns 23,335 shares of the real estate investment trust’s stock valued at $1,545,000 after acquiring an additional 15,468 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of First Industrial Realty Trust by 5.6% in the fourth quarter. Hancock Whitney Corp now owns 4,532 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 239 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of First Industrial Realty Trust by 35.8% in the fourth quarter. Van ECK Associates Corp now owns 64,443 shares of the real estate investment trust’s stock valued at $4,266,000 after acquiring an additional 16,982 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of First Industrial Realty Trust in the fourth quarter valued at approximately $518,000. Hedge funds and other institutional investors own 96.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on First Industrial Realty Trust from $70.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, June 16th. Jefferies Financial Group dropped their price objective on shares of First Industrial Realty Trust from $62.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, June 30th. Mizuho cut their price objective on shares of First Industrial Realty Trust from $64.00 to $55.00 and set a “na” rating for the company in a research report on Tuesday, May 17th. Truist Financial dropped their price target on shares of First Industrial Realty Trust from $66.00 to $63.00 in a research note on Monday, May 16th. Finally, Robert W. Baird lifted their price target on shares of First Industrial Realty Trust from $69.00 to $75.00 in a research report on Friday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.33.

First Industrial Realty Trust Stock Up 1.1 %

NYSE:FR opened at $49.47 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 quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.78. The stock’s fifty day moving average is $49.55 and its two-hundred day moving average is $56.14. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 21.05 and a beta of 0.96.

First Industrial Realty Trust (NYSE:FRGet Rating) last posted its earnings results on Wednesday, July 20th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.35. The firm had revenue of $130.00 million for the quarter, compared to analyst estimates of $127.55 million. First Industrial Realty Trust had a return on equity of 13.84% and a net margin of 62.25%. First Industrial Realty Trust’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. Research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.16 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 18th. Investors of record on Thursday, June 30th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Wednesday, June 29th. First Industrial Realty Trust’s payout ratio is currently 50.21%.

First Industrial Realty Trust Profile

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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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