First Industrial Realty Trust, Inc. (NYSE:FR) Shares Purchased by Versant Capital Management Inc

Versant Capital Management Inc raised its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 92.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,001 shares of the real estate investment trust’s stock after purchasing an additional 481 shares during the quarter. Versant Capital Management Inc’s holdings in First Industrial Realty Trust were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FR. Synovus Financial Corp lifted its holdings in First Industrial Realty Trust by 96.3% in the third quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust’s stock worth $1,588,000 after purchasing an additional 13,922 shares during the period. Franklin Resources Inc. lifted its stake in shares of First Industrial Realty Trust by 42.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust’s stock worth $10,546,000 after acquiring an additional 58,088 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of First Industrial Realty Trust by 17.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 531,900 shares of the real estate investment trust’s stock valued at $25,271,000 after acquiring an additional 79,515 shares in the last quarter. United Services Automobile Association bought a new position in shares of First Industrial Realty Trust in the second quarter valued at approximately $507,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of First Industrial Realty Trust by 2,886.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 18,843 shares of the real estate investment trust’s stock valued at $1,055,000 after acquiring an additional 18,212 shares during the period. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 0.8 %

Shares of NYSE:FR opened at $49.82 on Tuesday. First Industrial Realty Trust, Inc. has a 12 month low of $45.10 and a 12 month high of $57.35. The firm has a market cap of $6.59 billion, a P/E ratio of 21.38 and a beta of 1.07. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $52.16 and its two-hundred day moving average price is $53.08.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. The business had revenue of $167.60 million for the quarter, compared to analyst estimates of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. As a group, research analysts forecast that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is 63.52%.

Analysts Set New Price Targets

FR has been the subject of a number of research reports. Barclays decreased their price target on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $57.83.

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.