Boston Common Asset Management LLC Boosts Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Boston Common Asset Management LLC boosted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 53.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,013 shares of the real estate investment trust's stock after acquiring an additional 44,985 shares during the quarter. Boston Common Asset Management LLC owned 0.10% of First Industrial Realty Trust worth $6,962,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FR. Venturi Wealth Management LLC increased its position in shares of First Industrial Realty Trust by 200.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 747 shares in the last quarter. Blue Trust Inc. increased its position in shares of First Industrial Realty Trust by 30.7% in the fourth quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 292 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of First Industrial Realty Trust by 73.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock valued at $68,000 after buying an additional 575 shares in the last quarter. FIL Ltd increased its position in shares of First Industrial Realty Trust by 32.8% in the fourth quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust's stock valued at $73,000 after buying an additional 358 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of First Industrial Realty Trust in the fourth quarter valued at approximately $85,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FR has been the subject of a number of recent analyst reports. Barclays cut their price objective on 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. Royal Bank of Canada cut their price objective 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. The Goldman Sachs Group dropped their price target on 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. Truist Financial dropped their price target on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their price target on 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. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $56.00.

First Industrial Realty Trust Trading Down 0.5%

NYSE FR traded down $0.25 on Friday, reaching $49.48. 1,455,427 shares of the company were exchanged, compared to its average volume of 1,150,444. The business's fifty day moving average price is $48.74 and its 200 day moving average price is $51.70. The stock has a market capitalization of $6.55 billion, a P/E ratio of 22.70 and a beta of 1.08. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). The company had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. Analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Monday, June 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 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.