Pacer Advisors Inc. Has $5.31 Million Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Key Points

• Pacer Advisors Inc. reduced its stake in First Industrial Realty Trust by 15.5%, holding 98,406 shares valued at approximately $5.3 million.
• First Industrial Realty Trust reported a quarterly earnings per share (EPS) of $0.76, surpassing analyst estimates by $0.04, with revenues of $180.16 million.
• Following a recent dividend announcement, the company paid $0.445 per share, reflecting an annual yield of 3.55% and a payout ratio of 86.83%.

Pacer Advisors Inc. lowered its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 15.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,406 shares of the real estate investment trust's stock after selling 18,072 shares during the quarter. Pacer Advisors Inc. owned about 0.07% of First Industrial Realty Trust worth $5,310,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. HighTower Advisors LLC raised its stake in shares of First Industrial Realty Trust by 15.7% in the 4th quarter. HighTower Advisors LLC now owns 6,918 shares of the real estate investment trust's stock valued at $347,000 after buying an additional 939 shares in the last quarter. American Century Companies Inc. increased its stake in First Industrial Realty Trust by 3.4% in the fourth quarter. American Century Companies Inc. now owns 44,017 shares of the real estate investment trust's stock valued at $2,207,000 after acquiring an additional 1,429 shares during the period. Sei Investments Co. increased its stake in First Industrial Realty Trust by 2.6% in the fourth quarter. Sei Investments Co. now owns 111,564 shares of the real estate investment trust's stock valued at $5,592,000 after acquiring an additional 2,846 shares during the period. LPL Financial LLC lifted its stake in First Industrial Realty Trust by 28.5% during the fourth quarter. LPL Financial LLC now owns 50,821 shares of the real estate investment trust's stock worth $2,548,000 after purchasing an additional 11,270 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in First Industrial Realty Trust by 2.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 87,351 shares of the real estate investment trust's stock valued at $4,387,000 after purchasing an additional 1,815 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FR shares. Wells Fargo & Company lowered their price objective on 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. Royal Bank Of Canada reduced their price objective 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. Scotiabank lifted their price target on shares of 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. Truist Financial cut their target price on 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, JPMorgan Chase & Co. lowered their price objective on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $55.91.

First Industrial Realty Trust Stock Down 1.0%

Shares of NYSE FR traded down $0.49 during midday trading on Friday, reaching $48.23. The company's stock had a trading volume of 323,032 shares, compared to its average volume of 1,308,999. The stock has a 50 day simple moving average of $49.29 and a 200-day simple moving average of $51.02. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 23.55 and a beta of 1.07. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.04. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The business had revenue of $180.16 million during the quarter, compared to the consensus estimate of $176.46 million. During the same quarter last year, the firm earned $0.66 earnings per share. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

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.