Cubist Systematic Strategies LLC Purchases 14,030 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Cubist Systematic Strategies LLC boosted its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 155,717 shares of the real estate investment trust's stock after purchasing an additional 14,030 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.12% of First Industrial Realty Trust worth $7,806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in First Industrial Realty Trust by 42.9% during the third quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust's stock worth $10,546,000 after buying an additional 58,088 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of First Industrial Realty Trust during the 4th quarter worth $1,463,000. Barclays PLC grew its holdings in shares of First Industrial Realty Trust by 109.7% in the 4th quarter. Barclays PLC now owns 274,968 shares of the real estate investment trust's stock worth $13,783,000 after acquiring an additional 143,857 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of First Industrial Realty Trust by 13.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 2,827 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 331 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of First Industrial Realty Trust by 6.2% during the fourth quarter. Victory Capital Management Inc. now owns 698,710 shares of the real estate investment trust's stock valued at $35,026,000 after purchasing an additional 40,734 shares during the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Up 0.3 %

Shares of First Industrial Realty Trust stock traded up $0.13 during trading on Friday, hitting $49.54. 978,384 shares of the stock traded hands, compared to its average volume of 1,133,655. The stock has a market cap of $6.56 billion, a P/E ratio of 22.72 and a beta of 1.08. The company has a fifty day moving average price of $50.47 and a two-hundred day moving average price of $52.05. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $58.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its 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 business had revenue of $177.07 million during the quarter, compared to the consensus estimate of $176.98 million. Equities research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be given a $0.445 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.59%. First Industrial Realty Trust's dividend payout ratio is currently 88.12%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group cut their price objective on 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. Robert W. Baird reduced their price target on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of 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. Royal Bank of Canada cut their target price 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. Finally, JPMorgan Chase & Co. lowered their price target on First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $56.50.

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.