Captrust Financial Advisors Purchases New Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Captrust Financial Advisors acquired a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,051 shares of the real estate investment trust’s stock, valued at approximately $203,000.

Several other large investors have also recently added to or reduced their stakes in FR. Baird Financial Group Inc. boosted its stake in First Industrial Realty Trust by 55.2% in the fourth quarter. Baird Financial Group Inc. now owns 49,331 shares of the real estate investment trust’s stock valued at $2,473,000 after buying an additional 17,553 shares in the last quarter. Bayesian Capital Management LP increased its holdings in First Industrial Realty Trust by 119.5% in the fourth quarter. Bayesian Capital Management LP now owns 19,866 shares of the real estate investment trust’s stock worth $996,000 after purchasing an additional 10,817 shares in the last quarter. Algert Global LLC increased its holdings in First Industrial Realty Trust by 13.8% in the fourth quarter. Algert Global LLC now owns 180,179 shares of the real estate investment trust’s stock worth $9,032,000 after purchasing an additional 21,902 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in First Industrial Realty Trust by 89.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 589,401 shares of the real estate investment trust’s stock worth $29,547,000 after purchasing an additional 278,668 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in First Industrial Realty Trust in the fourth quarter valued at approximately $218,000. Institutional investors own 99.85% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial cut their target price on First Industrial Realty Trust from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company lowered their target price on First Industrial Realty Trust from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday. Scotiabank boosted their price objective on First Industrial Realty Trust from $50.00 to $51.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. The Goldman Sachs Group decreased their target price on First Industrial Realty Trust from $59.00 to $51.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on First Industrial Realty Trust from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

First Industrial Realty Trust Trading Down 0.4%

First Industrial Realty Trust stock opened at $48.52 on Friday. The stock has a market cap of $6.42 billion, a P/E ratio of 22.26 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17. The firm’s 50 day moving average price is $49.41 and its 200-day moving average price is $51.88.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.02). The firm had revenue of $177.07 million for the quarter, compared to analysts’ expectations of $176.98 million. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. On average, equities analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share 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, July 21st. Stockholders of record on Monday, June 30th will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust’s dividend payout ratio is currently 88.12%.

First Industrial Realty Trust 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.