SG Americas Securities LLC Buys New Position in First Industrial Realty Trust, Inc. (NYSE:FR)

SG Americas Securities LLC purchased a new stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,910 shares of the real estate investment trust's stock, valued at approximately $481,000.

Several other hedge funds have also added to or reduced their stakes in FR. Proficio Capital Partners LLC acquired a new stake in First Industrial Realty Trust in the 4th quarter worth about $1,463,000. ProShare Advisors LLC grew its position in shares of First Industrial Realty Trust by 7.3% during the 4th quarter. ProShare Advisors LLC now owns 6,192 shares of the real estate investment trust's stock worth $310,000 after purchasing an additional 423 shares in the last quarter. Barclays PLC increased its holdings in shares of First Industrial Realty Trust by 109.7% during the fourth quarter. Barclays PLC now owns 274,968 shares of the real estate investment trust's stock worth $13,783,000 after purchasing an additional 143,857 shares during the period. GAMMA Investing LLC raised its position in shares of First Industrial Realty Trust by 8,283.3% in the first quarter. GAMMA Investing LLC now owns 90,707 shares of the real estate investment trust's stock valued at $4,895,000 after buying an additional 89,625 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of First Industrial Realty Trust by 6.2% in the fourth quarter. Victory Capital Management Inc. now owns 698,710 shares of the real estate investment trust's stock valued at $35,026,000 after buying an additional 40,734 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FR shares. Truist Financial lowered their price objective 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. The Goldman Sachs Group decreased their price target on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company dropped their price target on First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Scotiabank increased their price objective on shares of First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, Royal Bank Of Canada dropped their target price on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. 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's stock. According to MarketBeat.com, First Industrial Realty Trust has an average rating of "Hold" and a consensus target price of $55.91.

First Industrial Realty Trust Price Performance

Shares of FR traded down $0.18 during trading hours on Friday, reaching $48.89. The stock had a trading volume of 2,850,815 shares, compared to its average volume of 1,268,169. 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 12 month low of $40.31 and a 12 month high of $58.17. The stock has a market capitalization of $6.47 billion, a PE ratio of 24.20 and a beta of 1.08. The company's 50-day moving average is $49.03 and its two-hundred day moving average is $51.23.

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

First Industrial Realty Trust Announces Dividend

The business also recently disclosed 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 of this dividend is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.64%. First Industrial Realty Trust's payout ratio is 88.12%.

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.