Deprince Race & Zollo Inc. Sells 310,232 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Deprince Race & Zollo Inc. lowered its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 28.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 765,160 shares of the real estate investment trust's stock after selling 310,232 shares during the period. Deprince Race & Zollo Inc. owned about 0.58% of First Industrial Realty Trust worth $38,357,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in First Industrial Realty Trust by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust's stock worth $962,039,000 after buying an additional 304,589 shares during the last quarter. Invesco Ltd. increased its holdings in First Industrial Realty Trust by 80.2% during the fourth quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust's stock worth $214,401,000 after buying an additional 1,903,164 shares during the last quarter. Geode Capital Management LLC increased its holdings in First Industrial Realty Trust by 0.6% during the fourth 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 last quarter. Alliancebernstein L.P. increased its holdings in First Industrial Realty Trust by 5.7% during the fourth quarter. Alliancebernstein L.P. now owns 2,432,120 shares of the real estate investment trust's stock worth $121,922,000 after buying an additional 130,819 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in First Industrial Realty Trust by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,205,880 shares of the real estate investment trust's stock worth $110,581,000 after buying an additional 23,280 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock traded up $1.78 during mid-day trading on Monday, hitting $51.31. 1,685,946 shares of the company traded hands, compared to its average volume of 1,135,865. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $58.17. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 23.54 and a beta of 1.08. 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 stock has a fifty day moving average price of $50.47 and a 200-day moving average price of $52.03.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly 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). The business had revenue of $177.07 million for the quarter, compared to analysts' expectations of $176.98 million. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. On average, equities analysts predict 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 announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, June 30th. First Industrial Realty Trust's payout ratio is 88.12%.

Wall Street Analysts Forecast Growth

FR has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. 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 cut their target price 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. JPMorgan Chase & Co. cut their target price on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, The Goldman Sachs Group cut their target price 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. Six research 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 currently has a consensus rating of "Moderate Buy" and an average target price of $56.58.

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.