Liberty One Investment Management LLC Acquires 6,853 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Liberty One Investment Management LLC boosted its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 8.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,812 shares of the real estate investment trust's stock after purchasing an additional 6,853 shares during the period. Liberty One Investment Management LLC owned approximately 0.07% of First Industrial Realty Trust worth $4,954,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of First Industrial Realty Trust by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust's stock worth $962,039,000 after acquiring an additional 304,589 shares during the last quarter. Invesco Ltd. boosted its stake in shares of First Industrial Realty Trust by 80.2% during the 4th quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust's stock worth $214,401,000 after acquiring an additional 1,903,164 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of First Industrial Realty Trust by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,482,693 shares of the real estate investment trust's stock worth $124,492,000 after acquiring an additional 14,298 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of First Industrial Realty Trust by 5.7% during the 4th quarter. Alliancebernstein L.P. now owns 2,432,120 shares of the real estate investment trust's stock worth $121,922,000 after acquiring an additional 130,819 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of First Industrial Realty Trust by 56.1% during the 4th quarter. Deutsche Bank AG now owns 1,878,628 shares of the real estate investment trust's stock worth $94,176,000 after acquiring an additional 675,306 shares during the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Price Performance

NYSE FR traded up $0.30 on Friday, reaching $49.39. The company had a trading volume of 1,172,734 shares, compared to its average volume of 1,209,096. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $6.54 billion, a PE ratio of 24.45 and a beta of 1.07. The firm's 50 day moving average price is $49.33 and its 200 day moving average price is $51.03. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). The company had revenue of $177.07 million during the quarter, compared to the consensus estimate of $176.98 million. First Industrial Realty Trust had a net margin of 39.04% and a return on equity of 9.82%. As a group, equities analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

FR has been the topic of several analyst reports. Wall Street Zen cut shares of First Industrial Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Scotiabank lifted 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 note on Monday, May 12th. Truist Financial lowered 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 research note on Monday, May 5th. Barclays lowered their target price on shares of 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, JPMorgan Chase & Co. lowered their target price 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of "Hold" and a consensus price target of $55.91.

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.