Edgestream Partners L.P. Makes New $3.89 Million Investment in First Industrial Realty Trust, Inc. (NYSE:FR)

Edgestream Partners L.P. bought a new position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 71,990 shares of the real estate investment trust's stock, valued at approximately $3,885,000. Edgestream Partners L.P. owned approximately 0.05% of First Industrial Realty Trust as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in shares of First Industrial Realty Trust in the 4th quarter worth approximately $1,463,000. Raymond James Financial Inc. bought a new stake in shares of First Industrial Realty Trust in the 4th quarter worth approximately $6,455,000. HighTower Advisors LLC lifted its holdings in shares of First Industrial Realty Trust by 15.7% in the 4th quarter. HighTower Advisors LLC now owns 6,918 shares of the real estate investment trust's stock worth $347,000 after acquiring an additional 939 shares during the last quarter. Swiss National Bank lifted its holdings in shares of First Industrial Realty Trust by 0.7% in the 4th quarter. Swiss National Bank now owns 260,300 shares of the real estate investment trust's stock worth $13,049,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in shares of First Industrial Realty Trust by 12.5% in the 4th quarter. Natixis Advisors LLC now owns 28,676 shares of the real estate investment trust's stock worth $1,438,000 after acquiring an additional 3,179 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

Wall Street Analysts Forecast Growth

FR has been the topic of several analyst reports. Royal Bank Of Canada decreased 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. Barclays reduced their price objective 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 report on Wednesday, April 30th. Scotiabank boosted their price objective on shares of First Industrial Realty Trust from $50.00 to $51.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. The Goldman Sachs Group reduced their price objective on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, Truist Financial reduced their price objective on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, First Industrial Realty Trust has an average rating of "Hold" and an average price target of $55.91.

First Industrial Realty Trust Stock Up 1.2%

Shares of FR stock traded up $0.61 during trading hours on Friday, reaching $49.98. 2,075,395 shares of the company's stock were exchanged, compared to its average volume of 1,221,336. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17. The stock has a market cap of $6.62 billion, a PE ratio of 24.38 and a beta of 1.07. The company has a current ratio of 1.04, a quick ratio of 1.05 and a debt-to-equity ratio of 0.88. The stock's fifty day moving average price is $49.38 and its two-hundred day moving average price is $51.00.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.04. The firm had revenue of $180.16 million for the quarter, compared to analyst estimates of $176.46 million. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%. First Industrial Realty Trust's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS 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 given a $0.445 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.78 annualized dividend and a yield of 3.56%. First Industrial Realty Trust's dividend payout ratio is presently 86.83%.

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.