SG Americas Securities LLC Acquires Shares of 8,910 First Industrial Realty Trust, Inc. (NYSE:FR)

SG Americas Securities LLC acquired a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,910 shares of the real estate investment trust's stock, valued at approximately $481,000.

Several other large investors also recently modified their holdings of FR. Invesco Ltd. grew its position in First Industrial Realty Trust by 80.2% in the 4th quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust's stock valued at $214,401,000 after purchasing an additional 1,903,164 shares during the period. Norges Bank purchased a new position in shares of First Industrial Realty Trust during the fourth quarter valued at approximately $90,489,000. Deutsche Bank AG grew its holdings in First Industrial Realty Trust by 56.1% during the fourth quarter. Deutsche Bank AG now owns 1,878,628 shares of the real estate investment trust's stock worth $94,176,000 after buying an additional 675,306 shares in the last quarter. Rush Island Management LP grew its holdings in First Industrial Realty Trust by 50.9% during the fourth quarter. Rush Island Management LP now owns 1,640,530 shares of the real estate investment trust's stock worth $82,240,000 after buying an additional 553,567 shares in the last quarter. Finally, Argosy Lionbridge Management LLC purchased a new stake in First Industrial Realty Trust in the 4th quarter valued at $26,447,000. Institutional investors and hedge funds own 99.85% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FR. Wells Fargo & Company cut 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. JPMorgan Chase & Co. cut their target price 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. Robert W. Baird reduced their target price on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. Wall Street Zen lowered First Industrial Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Royal Bank Of Canada reduced their price objective on 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $55.91.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock traded up $0.33 during midday trading on Tuesday, reaching $50.44. The stock had a trading volume of 1,126,068 shares, compared to its average volume of 1,163,833. The firm has a market capitalization of $6.68 billion, a PE ratio of 24.97 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The firm's 50-day moving average price is $48.96 and its 200 day moving average price is $51.27.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). The business had revenue of $177.07 million for the quarter, compared to analysts' expectations of $176.98 million. First Industrial Realty Trust had a net margin of 39.04% and a return on equity of 9.82%. As a group, research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Stockholders 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 dividend yield of 3.53%. First Industrial Realty Trust's payout ratio is 88.12%.

First Industrial Realty Trust 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.