KBC Group NV Has $307,000 Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

KBC Group NV cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 90.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,697 shares of the real estate investment trust's stock after selling 53,960 shares during the period. KBC Group NV's holdings in First Industrial Realty Trust were worth $307,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FR. Vanguard Group Inc. raised its holdings in shares of First Industrial Realty Trust by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust's stock valued at $962,039,000 after purchasing an additional 304,589 shares during the period. Invesco Ltd. increased its position in First Industrial Realty Trust by 80.2% during the fourth quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust's stock worth $214,401,000 after buying an additional 1,903,164 shares during the last quarter. Geode Capital Management LLC raised its stake in First Industrial Realty Trust by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,482,693 shares of the real estate investment trust's stock valued at $124,492,000 after buying an additional 14,298 shares during the period. Alliancebernstein L.P. lifted its position in shares of First Industrial Realty Trust by 5.7% in the fourth quarter. Alliancebernstein L.P. now owns 2,432,120 shares of the real estate investment trust's stock valued at $121,922,000 after buying an additional 130,819 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of First Industrial Realty Trust by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,205,880 shares of the real estate investment trust's stock valued at $110,581,000 after buying an additional 23,280 shares during the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FR. Wall Street Zen cut First Industrial Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. The Goldman Sachs Group dropped their price objective on shares of 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. Scotiabank lifted their target price on shares of First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. 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 report on Monday, May 5th. Finally, Barclays reduced 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. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of "Hold" and an average price target of $55.91.

First Industrial Realty Trust Price Performance

Shares of FR stock traded down $0.50 during trading on Monday, hitting $48.67. The company had a trading volume of 1,538,765 shares, compared to its average volume of 1,203,014. The firm has a market capitalization of $6.44 billion, a P/E ratio of 24.09 and a beta of 1.07. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $58.17. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. The stock's 50-day moving average price is $49.28 and its 200 day moving average price is $51.09.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released 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 net margin of 39.04% and a return on equity of 9.82%. The company had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. Equities analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be paid 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 yield of 3.66%. First Industrial Realty Trust's payout ratio is 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.