Y Intercept Hong Kong Ltd Boosts Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Y Intercept Hong Kong Ltd raised its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 358.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 18,412 shares of the real estate investment trust's stock after purchasing an additional 14,399 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in First Industrial Realty Trust were worth $994,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in First Industrial Realty Trust by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust's stock valued at $962,039,000 after purchasing an additional 304,589 shares during the period. Invesco Ltd. grew its position in shares of First Industrial Realty Trust by 80.2% during the 4th quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust's stock worth $214,401,000 after buying an additional 1,903,164 shares during the period. Geode Capital Management LLC grew its position in shares of First Industrial Realty Trust by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,482,693 shares of the real estate investment trust's stock worth $124,492,000 after buying an additional 14,298 shares during the period. Alliancebernstein L.P. grew its position in shares of First Industrial Realty Trust by 5.7% during the 4th quarter. Alliancebernstein L.P. now owns 2,432,120 shares of the real estate investment trust's stock worth $121,922,000 after buying an additional 130,819 shares during the period. Finally, Deutsche Bank AG grew its position in shares of First Industrial Realty Trust by 56.1% during the 4th quarter. Deutsche Bank AG now owns 1,878,628 shares of the real estate investment trust's stock worth $94,176,000 after buying an additional 675,306 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Stock Performance

Shares of NYSE FR traded down $0.27 during mid-day trading on Friday, reaching $49.86. 929,207 shares of the company's stock were exchanged, compared to its average volume of 1,724,129. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 24.32 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50-day moving average price of $49.35 and a two-hundred day moving average price of $51.01.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. The company had revenue of $180.16 million for the quarter, compared to analysts' expectations of $176.46 million. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. Analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, July 21st. Investors of record on Monday, June 30th were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.57%. The ex-dividend date was Monday, June 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 86.83%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays reduced their price objective on shares of 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 target price on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. cut their target price on First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group cut their target price on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Scotiabank increased their target price on First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.