Deutsche Bank AG Purchases 675,306 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Deutsche Bank AG lifted its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 56.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,878,628 shares of the real estate investment trust's stock after purchasing an additional 675,306 shares during the quarter. Deutsche Bank AG owned 1.42% of First Industrial Realty Trust worth $94,176,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FR. EP Wealth Advisors LLC grew its holdings in First Industrial Realty Trust by 4.2% during the 4th quarter. EP Wealth Advisors LLC now owns 9,489 shares of the real estate investment trust's stock worth $476,000 after acquiring an additional 385 shares during the last quarter. Concorde Financial Corp grew its holdings in First Industrial Realty Trust by 0.9% during the 4th quarter. Concorde Financial Corp now owns 75,479 shares of the real estate investment trust's stock worth $3,812,000 after acquiring an additional 701 shares during the last quarter. Crestline Management LP bought a new stake in First Industrial Realty Trust during the 4th quarter worth about $2,390,000. Cubist Systematic Strategies LLC grew its holdings in First Industrial Realty Trust by 9.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 155,717 shares of the real estate investment trust's stock worth $7,806,000 after acquiring an additional 14,030 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in First Industrial Realty Trust by 6.6% during the 4th quarter. Cetera Investment Advisers now owns 19,280 shares of the real estate investment trust's stock worth $967,000 after acquiring an additional 1,193 shares during the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Up 1.0%

FR stock traded up $0.50 during mid-day trading on Thursday, hitting $50.90. 739,397 shares of the company were exchanged, compared to its average volume of 1,131,044. 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 market cap of $6.74 billion, a P/E ratio of 23.35 and a beta of 1.08. The firm's 50 day simple moving average is $50.20 and its 200 day simple moving average is $52.01. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $58.17.

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 analyst estimates of $176.98 million. On average, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 30th will be issued a $0.445 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.50%. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 88.12%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced 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 research note on Tuesday, April 22nd. Barclays reduced their target price 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 note on Wednesday, April 30th. Robert W. Baird reduced their target price on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Royal Bank of Canada reduced 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, Scotiabank raised their target price on shares of First Industrial Realty Trust from $50.00 to $51.00 and gave the company a "sector perform" rating in a research note on Monday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, First Industrial Realty Trust has an average rating of "Moderate Buy" and a consensus price target 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.