State of Wyoming Acquires New Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

State of Wyoming acquired a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,529 shares of the real estate investment trust's stock, valued at approximately $377,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its holdings in First Industrial Realty Trust by 80.2% during 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 last quarter. Norges Bank bought a new stake in First Industrial Realty Trust during the fourth quarter worth about $90,489,000. Deutsche Bank AG increased its holdings in shares of 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 raised its stake in shares of First Industrial Realty Trust by 50.9% in the fourth quarter. Rush Island Management LP now owns 1,640,530 shares of the real estate investment trust's stock valued at $82,240,000 after acquiring an additional 553,567 shares during the last quarter. Finally, Argosy Lionbridge Management LLC bought a new position in shares of First Industrial Realty Trust in the fourth quarter valued at approximately $26,447,000. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Trading Down 0.7%

First Industrial Realty Trust stock traded down $0.35 during mid-day trading on Monday, hitting $48.13. The stock had a trading volume of 897,056 shares, compared to its average volume of 1,139,362. The stock has a 50-day simple moving average of $49.27 and a two-hundred day simple moving average of $51.83. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $6.37 billion, a PE ratio of 22.08 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.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. The business had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. As a group, sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Monday, June 30th. First Industrial Realty Trust's dividend payout ratio is presently 88.12%.

Analysts Set New Price Targets

FR has been the topic of a number of research analyst reports. 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. JPMorgan Chase & Co. decreased their target price on First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Robert W. Baird lowered their target price on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Wells Fargo & Company reduced 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 research report on Monday, May 19th. Finally, Barclays decreased their price objective on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, First Industrial Realty Trust has an average rating of "Moderate Buy" and an average target price of $56.00.

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.