Boothbay Fund Management LLC Acquires 7,668 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Boothbay Fund Management LLC raised its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 92.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 15,947 shares of the real estate investment trust's stock after buying an additional 7,668 shares during the period. Boothbay Fund Management LLC's holdings in First Industrial Realty Trust were worth $799,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in FR. Vanguard Group Inc. lifted its stake in shares of First Industrial Realty Trust by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust's stock valued at $962,039,000 after purchasing an additional 304,589 shares during the period. Invesco Ltd. lifted its stake in First Industrial Realty Trust by 80.2% in the fourth quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust's stock valued at $214,401,000 after buying an additional 1,903,164 shares during the period. JPMorgan Chase & Co. boosted its holdings in First Industrial Realty Trust by 28.7% during the third quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust's stock worth $187,798,000 after buying an additional 747,101 shares during the last quarter. Geode Capital Management LLC grew its position in shares of First Industrial Realty Trust by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,482,693 shares of the real estate investment trust's stock worth $124,492,000 after buying an additional 14,298 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of First Industrial Realty Trust by 5.7% in the 4th quarter. Alliancebernstein L.P. now owns 2,432,120 shares of the real estate investment trust's stock valued at $121,922,000 after acquiring an additional 130,819 shares during the period. Institutional investors own 99.85% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on FR shares. Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price objective for the company. 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 reduced their target price on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Scotiabank lowered 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 report on Monday, April 7th. Finally, Robert W. Baird lifted their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $57.08.

First Industrial Realty Trust Stock Down 0.2 %

FR stock traded down $0.12 during midday trading on Monday, hitting $48.91. The company's stock had a trading volume of 82,849 shares, compared to its average volume of 1,297,964. The company's fifty day moving average price is $51.26 and its 200 day moving average price is $52.24. 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 twelve month low of $40.31 and a twelve month high of $58.17. The stock has a market capitalization of $6.47 billion, a P/E ratio of 22.45 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (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 the consensus estimate of $176.98 million. As a group, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be given 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 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.