Jane Street Group LLC Sells 113,527 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Jane Street Group LLC decreased its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 91.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,210 shares of the real estate investment trust's stock after selling 113,527 shares during the period. Jane Street Group LLC's holdings in First Industrial Realty Trust were worth $562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Venturi Wealth Management LLC raised its position in First Industrial Realty Trust by 200.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 747 shares during the last quarter. Blue Trust Inc. grew its stake in shares of First Industrial Realty Trust by 30.7% during the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 292 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of First Industrial Realty Trust by 73.2% in the fourth 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. FIL Ltd lifted 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 worth $73,000 after purchasing an additional 358 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of First Industrial Realty Trust by 33.8% in the fourth quarter. Covestor Ltd now owns 1,985 shares of the real estate investment trust's stock worth $100,000 after purchasing an additional 501 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

Shares of NYSE FR traded down $0.25 during trading hours on Friday, reaching $49.48. 1,455,427 shares of the stock were exchanged, compared to its average volume of 1,149,384. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 22.70 and a beta of 1.08. The stock's fifty day simple moving average is $48.74 and its 200 day simple moving average is $51.71. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17.

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

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 30th will be given a dividend of $0.445 per share. The ex-dividend date is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.60%. First Industrial Realty Trust's payout ratio is 88.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FR shares. Truist Financial decreased their target price on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Barclays decreased their price objective on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Robert W. Baird lowered their target price on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. JPMorgan Chase & Co. dropped their price objective on 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. Finally, The Goldman Sachs Group lowered their target price on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, First Industrial Realty Trust has an average rating of "Moderate Buy" and an average target price of $56.00.

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.