Susquehanna Fundamental Investments LLC Takes Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 40,385 shares of the real estate investment trust's stock, valued at approximately $2,024,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FR. Coldstream Capital Management Inc. purchased a new stake in First Industrial Realty Trust during the 4th quarter worth $219,000. Waterfront Capital Partners LLC purchased a new stake in shares of First Industrial Realty Trust during the 4th quarter valued at about $14,625,000. Nebula Research & Development LLC lifted its position in shares of First Industrial Realty Trust by 24.1% during the fourth quarter. Nebula Research & Development LLC now owns 19,246 shares of the real estate investment trust's stock worth $965,000 after purchasing an additional 3,741 shares in the last quarter. Argosy Lionbridge Management LLC acquired a new position in First Industrial Realty Trust in the 4th quarter worth $26,447,000. Finally, Voya Investment Management LLC lifted its stake in shares of First Industrial Realty Trust by 14.9% in the fourth quarter. Voya Investment Management LLC now owns 246,536 shares of the real estate investment trust's stock worth $12,359,000 after acquiring an additional 31,887 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Truist Financial decreased their target price on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Monday. The Goldman Sachs Group lowered their price objective on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada decreased their target price on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Finally, Barclays dropped their price target on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.50.

First Industrial Realty Trust Trading Down 0.6 %

NYSE FR traded down $0.29 on Tuesday, hitting $48.57. 181,301 shares of the stock were exchanged, compared to its average volume of 1,119,606. The company's 50-day moving average price is $51.10 and its two-hundred day moving average price is $52.20. 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 52-week low of $40.31 and a 52-week high of $58.17. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 22.27 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings results 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). First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. The company had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. Research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The company also recently declared 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 of this dividend is Monday, June 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 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.