Exchange Traded Concepts LLC Has $895,000 Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Exchange Traded Concepts LLC lifted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 487.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,594 shares of the real estate investment trust's stock after buying an additional 13,767 shares during the quarter. Exchange Traded Concepts LLC's holdings in First Industrial Realty Trust were worth $895,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of FR. Venturi Wealth Management LLC increased its holdings in shares of First Industrial Realty Trust by 200.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 747 shares during the period. Parallel Advisors LLC increased its holdings in shares of First Industrial Realty Trust by 285.1% in the 1st quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 821 shares during the period. Blue Trust Inc. increased its stake in First Industrial Realty Trust by 30.7% during the 4th 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 during the period. Smartleaf Asset Management LLC increased its stake in First Industrial Realty Trust by 73.2% during the 4th 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 during the period. Finally, Fifth Third Bancorp increased its stake in First Industrial Realty Trust by 22.2% during the 1st quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 236 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Trading Up 2.0%

Shares of FR traded up $0.99 during midday trading on Monday, hitting $50.13. The stock had a trading volume of 1,065,809 shares, compared to its average volume of 1,161,421. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17. The business has a 50-day simple moving average of $48.88 and a two-hundred day simple moving average of $51.28. The firm has a market cap of $6.64 billion, a P/E ratio of 24.82 and a beta of 1.09. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.02). First Industrial Realty Trust had a return on equity of 9.82% and a net margin of 39.04%. The firm had revenue of $177.07 million during the quarter, compared to analyst estimates of $176.98 million. As a group, equities analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust's payout ratio is 88.12%.

Wall Street Analyst Weigh In

Several research firms have commented on FR. Wells Fargo & Company lowered their target price on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. JPMorgan Chase & Co. lowered their target price on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Barclays lowered 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. Truist Financial lowered their target price on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, Royal Bank Of Canada lowered 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $55.91.

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.