Bayesian Capital Management LP Acquires 10,817 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Bayesian Capital Management LP lifted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 119.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,866 shares of the real estate investment trust's stock after purchasing an additional 10,817 shares during the quarter. Bayesian Capital Management LP's holdings in First Industrial Realty Trust were worth $996,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in First Industrial Realty Trust by 92.5% during the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock worth $50,000 after buying an additional 481 shares in the last quarter. UMB Bank n.a. raised its holdings 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 worth $54,000 after acquiring an additional 214 shares in the last quarter. Venturi Wealth Management LLC boosted its position in First Industrial Realty Trust by 200.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 747 shares during the last quarter. Blue Trust Inc. increased its position in shares of First Industrial Realty Trust by 30.7% during 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 last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of 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. Institutional investors and hedge funds own 99.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Scotiabank dropped their target price on shares of First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. Truist Financial reduced their price target on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a report on Monday. Barclays cut their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a "hold" rating and a $52.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $56.67.

First Industrial Realty Trust Trading Down 0.3 %

Shares of First Industrial Realty Trust stock opened at $48.86 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. The firm has a 50-day moving average of $51.10 and a 200-day moving average of $52.20. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $58.17. The stock has a market cap of $6.47 billion, a PE ratio of 22.41 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) 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 business had revenue of $177.07 million during the quarter, compared to the consensus estimate of $176.98 million. As a group, sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.445 per share. The ex-dividend date is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.64%. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 88.12%.

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.

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