Segall Bryant & Hamill LLC Has $17.53 Million Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Segall Bryant & Hamill LLC lifted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 324,811 shares of the real estate investment trust's stock after purchasing an additional 7,998 shares during the quarter. Segall Bryant & Hamill LLC owned 0.25% of First Industrial Realty Trust worth $17,527,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FR. Proficio Capital Partners LLC acquired a new stake in First Industrial Realty Trust in the fourth quarter valued at about $1,463,000. Raymond James Financial Inc. acquired a new stake in First Industrial Realty Trust in the fourth quarter valued at about $6,455,000. HighTower Advisors LLC boosted its stake in First Industrial Realty Trust by 15.7% in the fourth quarter. HighTower Advisors LLC now owns 6,918 shares of the real estate investment trust's stock valued at $347,000 after buying an additional 939 shares in the last quarter. Swiss National Bank boosted its stake in First Industrial Realty Trust by 0.7% in the fourth quarter. Swiss National Bank now owns 260,300 shares of the real estate investment trust's stock valued at $13,049,000 after buying an additional 1,800 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in First Industrial Realty Trust by 12.5% in the fourth quarter. Natixis Advisors LLC now owns 28,676 shares of the real estate investment trust's stock valued at $1,438,000 after buying an additional 3,179 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FR has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on 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. Wells Fargo & Company cut their price target on 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. Scotiabank lifted their price target on 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. Wall Street Zen raised First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Truist Financial cut their price target on 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $55.91.

First Industrial Realty Trust Trading Up 1.2%

Shares of FR stock traded up $0.61 on Friday, hitting $49.98. The company had a trading volume of 2,075,395 shares, compared to its average volume of 1,231,623. The firm has a market cap of $6.62 billion, a P/E ratio of 24.38 and a beta of 1.07. The stock's 50-day moving average is $49.37 and its two-hundred day moving average is $51.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.05 and a current ratio of 1.05. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%. The company had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business's quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.78 annualized dividend and a yield of 3.56%. First Industrial Realty Trust's dividend payout ratio is currently 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.