First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC reduced its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 43.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,097 shares of the real estate investment trust's stock after selling 5,520 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in First Industrial Realty Trust were worth $356,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in First Industrial Realty Trust in the 4th quarter valued at about $1,463,000. Barclays PLC boosted its stake in shares of First Industrial Realty Trust by 109.7% in the 4th quarter. Barclays PLC now owns 274,968 shares of the real estate investment trust's stock valued at $13,783,000 after buying an additional 143,857 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of First Industrial Realty Trust by 13.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,827 shares of the real estate investment trust's stock valued at $142,000 after buying an additional 331 shares during the period. Victory Capital Management Inc. boosted its stake in shares of First Industrial Realty Trust by 6.2% in the 4th 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. Finally, Los Angeles Capital Management LLC boosted its stake in shares of First Industrial Realty Trust by 485.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 32,745 shares of the real estate investment trust's stock valued at $1,642,000 after buying an additional 27,150 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FR has been the subject of several recent research reports. Scotiabank lifted their price objective 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. Wells Fargo & Company decreased their price objective 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. Barclays decreased their price objective on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group decreased their price objective on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, Royal Bank of Canada decreased 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. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, First Industrial Realty Trust currently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

First Industrial Realty Trust Stock Down 0.7%

FR stock traded down $0.35 during trading on Friday, hitting $48.13. 897,056 shares of the company's stock were exchanged, compared to its average volume of 1,139,362. The business has a 50-day moving average price of $49.27 and a two-hundred day moving average price of $51.84. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 22.08 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $58.17. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80.

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 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 10.64% and a net margin of 42.94%. As a group, equities research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.70%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is 88.12%.

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.