10,548 Shares in First Industrial Realty Trust, Inc. (NYSE:FR) Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP made a new investment of approximately $569,000 in First Industrial Realty Trust, acquiring 10,548 shares during the first quarter.
• Analysts have shown mixed sentiments, with several brokerage firms adjusting their target prices, including Robert W. Baird lowering theirs from $61.00 to $59.00, while Wall Street Zen upgraded the stock from "sell" to "hold."
• First Industrial Realty Trust reported a 9.8% increase in quarterly revenue year-over-year, with earnings per share of $0.76, surpassing analysts' expectations of $0.72.

GSA Capital Partners LLP acquired a new stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,548 shares of the real estate investment trust's stock, valued at approximately $569,000.

A number of other institutional investors have also modified their holdings of FR. Bessemer Group Inc. increased its stake in shares of First Industrial Realty Trust by 93.0% in the first quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock worth $25,000 after buying an additional 225 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in First Industrial Realty Trust during the 1st quarter worth about $26,000. Parallel Advisors LLC raised its stake in shares of First Industrial Realty Trust by 285.1% during the 1st quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 821 shares in the last quarter. Fifth Third Bancorp boosted its position in First Industrial Realty Trust by 22.2% during the first quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 236 shares during the period. Finally, FIL Ltd boosted its position in shares of First Industrial Realty Trust by 32.8% in the fourth quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust's stock valued at $73,000 after acquiring an additional 358 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FR shares. The Goldman Sachs Group lowered their price target on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird decreased their target price on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company cut 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 report on Monday, May 19th. Barclays dropped their price target on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Finally, Scotiabank raised their target price 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. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $55.91.

First Industrial Realty Trust Price Performance

Shares of FR traded up $0.18 during mid-day trading on Thursday, reaching $48.34. The company had a trading volume of 284,189 shares, compared to its average volume of 1,294,361. The company's 50 day simple moving average is $49.26 and its 200 day simple moving average is $50.95. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 23.57 and a beta of 1.04. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.04 and a current ratio of 1.04. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. The business had revenue of $180.16 million during the quarter, compared to the consensus estimate of $176.46 million. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. First Industrial Realty Trust's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. Analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Company 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.