First Industrial Realty Trust, Inc. (NYSE:FR) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 155.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,718 shares of the real estate investment trust's stock after acquiring an additional 6,516 shares during the quarter. Summit Trail Advisors LLC's holdings in First Industrial Realty Trust were worth $583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FR. Bessemer Group Inc. boosted its holdings in First Industrial Realty Trust by 93.0% in the 1st quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 225 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in First Industrial Realty Trust in the 1st quarter valued at about $26,000. Parallel Advisors LLC boosted its holdings in 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 valued at $60,000 after purchasing an additional 821 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in First Industrial Realty Trust by 73.2% in 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 purchasing an additional 575 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in First Industrial Realty Trust by 22.2% in the 1st quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 236 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on FR. 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 report on Tuesday, April 29th. Truist Financial decreased 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 report on Monday, May 5th. Wall Street Zen lowered shares of First Industrial Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Robert W. Baird reduced their price target on shares of 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. Finally, JPMorgan Chase & Co. reduced their price target 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $55.91.

First Industrial Realty Trust Stock Down 0.5%

FR traded down $0.23 during trading hours on Friday, hitting $49.17. 593,038 shares of the company's stock were exchanged, compared to its average volume of 1,201,666. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17. The firm has a 50 day moving average of $49.26 and a 200 day moving average of $51.09. The firm has a market cap of $6.51 billion, a P/E ratio of 24.34 and a beta of 1.07. 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 earnings per share 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 business had revenue of $177.07 million for the quarter, compared to analysts' expectations of $176.98 million. Analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.62%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust's payout ratio is currently 88.12%.

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.