111 Capital Purchases New Position in First Industrial Realty Trust, Inc. (NYSE:FR)

111 Capital purchased a new stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,851 shares of the real estate investment trust's stock, valued at approximately $394,000.

Several other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new position in First Industrial Realty Trust in the 4th quarter valued at $392,000. Employees Retirement System of Texas lifted its holdings in shares of First Industrial Realty Trust by 9.4% during the 4th quarter. Employees Retirement System of Texas now owns 114,000 shares of the real estate investment trust's stock worth $5,715,000 after acquiring an additional 9,800 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of First Industrial Realty Trust during the 4th quarter worth $254,000. GF Fund Management CO. LTD. bought a new stake in shares of First Industrial Realty Trust during the 4th quarter worth $121,000. Finally, PharVision Advisers LLC bought a new stake in shares of First Industrial Realty Trust during the 4th quarter worth $263,000. 99.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FR shares. JPMorgan Chase & Co. dropped their price objective on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Robert W. Baird dropped their price objective on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. Wells Fargo & Company dropped their price objective on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Royal Bank of Canada dropped 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. Finally, Truist Financial dropped their price objective on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a report on Monday, May 5th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, First Industrial Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $56.00.

First Industrial Realty Trust Trading Down 0.2%

First Industrial Realty Trust stock traded down $0.12 during mid-day trading on Tuesday, hitting $49.38. The company's stock had a trading volume of 873,541 shares, compared to its average volume of 1,149,450. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 22.65 and a beta of 1.08. The business has a 50 day moving average price of $48.54 and a 200-day moving average price of $51.66. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17.

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 earnings per share 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. As a group, analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The company 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 $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Monday, June 30th. First Industrial Realty Trust's payout ratio is 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.