Quantinno Capital Management LP Has $4.98 Million Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Quantinno Capital Management LP boosted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 72.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,356 shares of the real estate investment trust's stock after acquiring an additional 41,670 shares during the period. Quantinno Capital Management LP owned 0.08% of First Industrial Realty Trust worth $4,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its holdings in First Industrial Realty Trust by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust's stock worth $205,000 after purchasing an additional 210 shares during the last quarter. UMB Bank n.a. increased its position in First Industrial Realty Trust by 24.7% during the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock worth $54,000 after buying an additional 214 shares during the period. Stifel Financial Corp increased its position in First Industrial Realty Trust by 0.9% during the 4th quarter. Stifel Financial Corp now owns 26,121 shares of the real estate investment trust's stock worth $1,309,000 after buying an additional 222 shares during the period. Principal Securities Inc. lifted its holdings in shares of First Industrial Realty Trust by 9.3% during the fourth quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust's stock worth $158,000 after buying an additional 269 shares in the last quarter. Finally, Blue Trust Inc. boosted 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 acquiring an additional 292 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Truist Financial lowered their price target 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. Scotiabank lifted their price target 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. Wells Fargo & Company cut their price target on First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday. Royal Bank of Canada reduced their price target on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Robert W. Baird lowered their price objective on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $56.00.

First Industrial Realty Trust Price Performance

Shares of FR stock traded down $1.57 during trading hours on Wednesday, reaching $48.77. The company's stock had a trading volume of 750,406 shares, compared to its average volume of 1,133,764. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17. The firm's 50 day simple moving average is $49.55 and its 200-day simple moving average is $51.91. 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 company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 22.37 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 10.64% and a net margin of 42.94%. Sell-side 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 declared a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 30th will be paid a $0.445 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.65%. First Industrial Realty Trust's payout ratio is currently 88.12%.

About First Industrial Realty Trust

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.