Employees Retirement System of Texas Raises Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Employees Retirement System of Texas raised its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,000 shares of the real estate investment trust's stock after purchasing an additional 9,800 shares during the quarter. Employees Retirement System of Texas owned 0.09% of First Industrial Realty Trust worth $5,715,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FR. Barclays PLC raised its position in First Industrial Realty Trust by 34.6% during the third quarter. Barclays PLC now owns 131,111 shares of the real estate investment trust's stock worth $7,341,000 after acquiring an additional 33,702 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of First Industrial Realty Trust by 9.0% in the 4th quarter. Inspire Investing LLC now owns 8,038 shares of the real estate investment trust's stock valued at $403,000 after purchasing an additional 667 shares during the period. Exchange Traded Concepts LLC lifted its stake in First Industrial Realty Trust by 13.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,827 shares of the real estate investment trust's stock valued at $142,000 after purchasing an additional 331 shares during the last quarter. Blue Trust Inc. lifted its stake in First Industrial Realty Trust by 30.7% in the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 292 shares during the last quarter. Finally, KBC Group NV grew its holdings in First Industrial Realty Trust by 1,669.2% during the fourth quarter. KBC Group NV now owns 59,657 shares of the real estate investment trust's stock worth $2,991,000 after purchasing an additional 56,285 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Trading Down 0.5%

Shares of NYSE:FR traded down $0.25 during midday trading on Friday, hitting $49.48. 1,455,427 shares of the stock traded hands, compared to its average volume of 1,149,384. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The business's 50 day moving average is $48.74 and its two-hundred day moving average is $51.71. The stock has a market capitalization of $6.55 billion, a PE ratio of 22.70 and a beta of 1.08. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $58.17.

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

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.60%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 88.12%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada cut their target price on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Scotiabank raised their price target on First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. The Goldman Sachs Group cut their target price on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company decreased their price target on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Finally, Truist Financial reduced their price objective on 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. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $56.00.

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.