Baird Financial Group Inc. Has $2.47 Million Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Baird Financial Group Inc. increased its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 55.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,331 shares of the real estate investment trust's stock after purchasing an additional 17,553 shares during the quarter. Baird Financial Group Inc.'s holdings in First Industrial Realty Trust were worth $2,473,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FR. Barclays PLC boosted its stake in First Industrial Realty Trust by 34.6% in the third quarter. Barclays PLC now owns 131,111 shares of the real estate investment trust's stock valued at $7,341,000 after acquiring an additional 33,702 shares during the last quarter. Franklin Resources Inc. boosted its stake in First Industrial Realty Trust by 42.9% in the third quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust's stock valued at $10,546,000 after acquiring an additional 58,088 shares during the last quarter. Park Avenue Securities LLC boosted its stake in First Industrial Realty Trust by 14.8% in the fourth quarter. Park Avenue Securities LLC now owns 10,124 shares of the real estate investment trust's stock valued at $508,000 after acquiring an additional 1,304 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in First Industrial Realty Trust by 6.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,241 shares of the real estate investment trust's stock valued at $513,000 after acquiring an additional 665 shares during the last quarter. Finally, Boston Common Asset Management LLC boosted its stake in First Industrial Realty Trust by 28.7% in the fourth quarter. Boston Common Asset Management LLC now owns 84,028 shares of the real estate investment trust's stock valued at $4,212,000 after acquiring an additional 18,749 shares during the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Up 0.4%

Shares of NYSE:FR traded up $0.22 during midday trading on Friday, reaching $51.12. 1,212,238 shares of the company were exchanged, compared to its average volume of 1,136,845. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two 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 stock has a fifty day simple moving average of $49.86 and a two-hundred day simple moving average of $51.96. The firm has a market cap of $6.77 billion, a PE ratio of 23.45 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts' consensus estimates 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. As a group, sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be paid a $0.445 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.78 annualized dividend and a yield of 3.48%. First Industrial Realty Trust's payout ratio is currently 88.12%.

Wall Street Analyst Weigh In

FR has been the topic of a number of recent research reports. Royal Bank of Canada reduced their price objective on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Barclays reduced their price target on shares of 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. The Goldman Sachs Group reduced their price target on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of 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. Finally, Truist Financial reduced their price target on shares of 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. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of "Moderate Buy" and a consensus target price of $56.58.

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.