Squarepoint Ops LLC Boosts Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Squarepoint Ops LLC raised its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 170.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,113 shares of the real estate investment trust's stock after purchasing an additional 10,797 shares during the quarter. Squarepoint Ops LLC's holdings in First Industrial Realty Trust were worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in FR. Invesco Ltd. grew its holdings in First Industrial Realty Trust by 80.2% during the fourth 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 4th quarter valued at $90,489,000. Deutsche Bank AG grew its stake in shares of First Industrial Realty Trust by 56.1% during the 4th quarter. Deutsche Bank AG now owns 1,878,628 shares of the real estate investment trust's stock worth $94,176,000 after acquiring an additional 675,306 shares during the period. Rush Island Management LP increased its holdings in First Industrial Realty Trust by 50.9% in the 4th quarter. Rush Island Management LP now owns 1,640,530 shares of the real estate investment trust's stock worth $82,240,000 after acquiring an additional 553,567 shares during the last quarter. Finally, Argosy Lionbridge Management LLC purchased a new stake in First Industrial Realty Trust in the 4th quarter worth about $26,447,000. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Price Performance

Shares of FR stock traded down $0.12 on Tuesday, reaching $49.38. The company's stock had a trading volume of 873,541 shares, compared to its average volume of 1,148,292. The company has a market capitalization of $6.54 billion, a P/E ratio of 22.65 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 stock's 50 day simple moving average is $48.64 and its 200-day simple moving average is $51.67. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. The business had revenue of $177.07 million during the quarter, compared to the consensus estimate of $176.98 million. As a group, equities 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 business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be paid 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 3.61%. First Industrial Realty Trust's dividend payout ratio is presently 88.12%.

Analysts Set New Price Targets

A number of brokerages have weighed in on FR. JPMorgan Chase & Co. cut their target price on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Robert W. Baird dropped their price target on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 6th. Scotiabank raised 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 report on Monday, May 12th. The Goldman Sachs Group lowered their target price on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays dropped their target price on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Six 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.com, First Industrial Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

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.