Oak Thistle LLC Raises Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Oak Thistle LLC raised its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 589.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,806 shares of the real estate investment trust's stock after acquiring an additional 38,308 shares during the quarter. Oak Thistle LLC's holdings in First Industrial Realty Trust were worth $2,418,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in FR. Bessemer Group Inc. boosted its position in shares of First Industrial Realty Trust by 93.0% during the 1st quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 225 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of First Industrial Realty Trust in the 1st quarter valued at about $26,000. Parallel Advisors LLC boosted its position in shares of First Industrial Realty Trust by 285.1% in the 1st quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 821 shares during the period. Fifth Third Bancorp boosted its position in shares of First Industrial Realty Trust by 22.2% in the 1st quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust's stock valued at $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 4th quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 358 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FR has been the subject of a number of research analyst reports. Truist Financial decreased their target price 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. Barclays decreased their target price on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. The Goldman Sachs Group decreased their target price on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price 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. Finally, Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $55.91.

First Industrial Realty Trust Stock Performance

FR traded down $0.27 on Friday, hitting $49.86. 929,207 shares of the company traded hands, compared to its average volume of 1,724,129. The company has a 50 day moving average of $49.32 and a 200-day moving average of $51.01. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $6.60 billion, a PE ratio of 24.32 and a beta of 1.07. 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 posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, beating the consensus estimate of $0.72 by $0.04. The firm had revenue of $180.16 million during the quarter, compared to the consensus estimate of $176.46 million. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. Sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, June 30th were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Monday, June 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is 86.83%.

About First Industrial Realty Trust

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.