AQR Capital Management LLC Has $5.49 Million Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

AQR Capital Management LLC increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 25.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,648 shares of the real estate investment trust's stock after acquiring an additional 22,142 shares during the quarter. AQR Capital Management LLC owned approximately 0.08% of First Industrial Realty Trust worth $5,493,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. lifted its stake in First Industrial Realty Trust by 24.7% during the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 214 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of First Industrial Realty Trust by 200.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 747 shares in the last quarter. Blue Trust Inc. boosted its stake in First Industrial Realty Trust by 30.7% in the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 292 shares during the period. Smartleaf Asset Management LLC grew its position in First Industrial Realty Trust by 73.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 575 shares in the last quarter. Finally, FIL Ltd raised its stake in First Industrial Realty Trust by 32.8% during the 4th quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 358 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Performance

NYSE FR traded up $0.13 during trading on Friday, hitting $49.54. The company's stock had a trading volume of 978,384 shares, compared to its average volume of 1,133,655. 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 quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a market cap of $6.56 billion, a P/E ratio of 22.72 and a beta of 1.08. The firm has a 50 day moving average price of $50.47 and a 200 day moving average price of $52.05.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. The company had revenue of $177.07 million during the quarter, compared to the consensus estimate of $176.98 million. Equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 30th will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Monday, June 30th. First Industrial Realty Trust's payout ratio is presently 88.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FR shares. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price objective for the company. Barclays cut their target price on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird dropped their price target on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Royal Bank of Canada reduced their price objective on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Scotiabank cut their price target on First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, First Industrial Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $56.50.

About First Industrial Realty Trust

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.