Oak Thistle LLC Purchases 38,308 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Oak Thistle LLC increased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 589.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 44,806 shares of the real estate investment trust's stock after buying an additional 38,308 shares during the period. 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 hedge funds and other institutional investors have also modified their holdings of the business. Stifel Financial Corp boosted its holdings in shares of First Industrial Realty Trust by 0.9% in the 4th quarter. Stifel Financial Corp now owns 26,121 shares of the real estate investment trust's stock valued at $1,309,000 after buying an additional 222 shares during the period. Bessemer Group Inc. boosted its stake in 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 valued at $25,000 after purchasing an additional 225 shares during the period. Fifth Third Bancorp boosted its stake in First Industrial Realty Trust by 22.2% during 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. Park Avenue Securities LLC boosted its stake in First Industrial Realty Trust by 2.7% during the 1st quarter. Park Avenue Securities LLC now owns 10,397 shares of the real estate investment trust's stock valued at $561,000 after purchasing an additional 273 shares during the period. Finally, State of Michigan Retirement System boosted its stake in First Industrial Realty Trust by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 31,668 shares of the real estate investment trust's stock valued at $1,709,000 after purchasing an additional 300 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on FR shares. Royal Bank Of Canada reduced their price target on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company cut their target price on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. JPMorgan Chase & Co. dropped their price objective 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. Barclays dropped their price target 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, Truist Financial dropped 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 research note on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $55.91.

First Industrial Realty Trust Trading Down 0.5%

Shares of FR traded down $0.27 on Friday, reaching $49.86. 929,189 shares of the company's stock were exchanged, compared to its average volume of 1,325,768. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $6.60 billion, a P/E ratio of 24.32 and a beta of 1.07. The business has a 50 day moving average price of $49.35 and a two-hundred day moving average price of $51.01. 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 data on Wednesday, July 16th. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.04. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The business had revenue of $180.16 million for the quarter, compared to analyst estimates of $176.46 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. Research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

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

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.