First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 24.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 561,274 shares of the real estate investment trust's stock after selling 181,273 shares during the quarter. Nuveen Asset Management LLC owned about 0.42% of First Industrial Realty Trust worth $28,137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. grew its holdings in shares of First Industrial Realty Trust by 24.7% during the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 214 shares during the last quarter. Venturi Wealth Management LLC lifted its position in First Industrial Realty Trust by 200.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 747 shares during the period. Blue Trust Inc. lifted its position in 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 during the period. Smartleaf Asset Management LLC lifted its position in First Industrial Realty Trust by 73.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock worth $68,000 after acquiring an additional 575 shares during the period. Finally, FIL Ltd lifted its position in First Industrial Realty Trust by 32.8% during the 4th quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust's stock worth $73,000 after acquiring an additional 358 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FR. JPMorgan Chase & Co. lowered their price target on 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. Scotiabank lifted their price target on 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 lowered their price target on 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. Royal Bank of Canada lowered their price target on shares of 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. Finally, Wells Fargo & Company lowered their price target on shares of 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. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

First Industrial Realty Trust Price Performance

NYSE FR traded down $0.38 during trading hours on Wednesday, reaching $48.65. The company's stock had a trading volume of 70,694 shares, compared to its average volume of 1,135,680. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 22.32 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $58.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The company's 50-day moving average is $49.01 and its two-hundred day moving average is $51.78.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly 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). The business had revenue of $177.07 million during the quarter, compared to analyst estimates of $176.98 million. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. On average, equities analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Investors 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 3.66%. First Industrial Realty Trust's payout ratio is 88.12%.

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.