5,255 Shares in First Industrial Realty Trust, Inc. (NYSE:FR) Acquired by PharVision Advisers LLC

PharVision Advisers LLC bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,255 shares of the real estate investment trust's stock, valued at approximately $263,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC raised its stake in shares of First Industrial Realty Trust by 20.5% in the 4th quarter. Voloridge Investment Management LLC now owns 164,910 shares of the real estate investment trust's stock valued at $8,267,000 after acquiring an additional 28,066 shares during the period. Woodline Partners LP acquired a new stake in First Industrial Realty Trust in the 4th quarter valued at approximately $14,147,000. Sophron Capital Management L.P. purchased a new stake in First Industrial Realty Trust in the fourth quarter valued at approximately $2,347,000. Squarepoint Ops LLC lifted its stake in First Industrial Realty Trust by 170.9% during the fourth quarter. Squarepoint Ops LLC now owns 17,113 shares of the real estate investment trust's stock worth $858,000 after purchasing an additional 10,797 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in shares of First Industrial Realty Trust by 26.7% during the fourth quarter. Tidal Investments LLC now owns 104,534 shares of the real estate investment trust's stock worth $5,240,000 after buying an additional 21,997 shares during the period. Hedge funds and other institutional investors own 99.85% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Truist Financial cut their price objective on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Royal Bank of Canada dropped their target price on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Robert W. Baird cut their price target 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. Scotiabank increased their price target on shares of First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, 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 note on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

First Industrial Realty Trust Stock Down 3.1%

Shares of NYSE:FR opened at $48.77 on Thursday. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17. The firm's 50 day moving average price is $49.55 and its 200 day moving average price is $51.91. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 22.37 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 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 firm had revenue of $177.07 million during the quarter, compared to analysts' expectations of $176.98 million. As a group, equities research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.65%. The ex-dividend date is Monday, June 30th. 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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