Teacher Retirement System of Texas Trims Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Teacher Retirement System of Texas decreased its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 20.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,718 shares of the real estate investment trust's stock after selling 14,630 shares during the quarter. Teacher Retirement System of Texas' holdings in First Industrial Realty Trust were worth $3,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FR. Stifel Financial Corp raised its position in shares of First Industrial Realty Trust by 0.9% in the fourth quarter. Stifel Financial Corp now owns 26,121 shares of the real estate investment trust's stock valued at $1,309,000 after buying an additional 222 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of First Industrial Realty Trust by 93.0% during the first quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust's stock worth $25,000 after buying an additional 225 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of First Industrial Realty Trust by 22.2% during the first quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust's stock worth $70,000 after buying an additional 236 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of First Industrial Realty Trust by 2.7% during the first quarter. Park Avenue Securities LLC now owns 10,397 shares of the real estate investment trust's stock worth $561,000 after buying an additional 273 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of First Industrial Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 38,409 shares of the real estate investment trust's stock worth $1,925,000 after purchasing an additional 302 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Stock Up 0.6%

Shares of NYSE FR traded up $0.30 during mid-day trading on Friday, reaching $49.39. 1,172,734 shares of the company's stock were exchanged, compared to its average volume of 1,210,927. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 24.45 and a beta of 1.07. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $49.33 and a 200 day simple moving average of $51.03. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued 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). The business had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. First Industrial Realty Trust had a return on equity of 9.82% and a net margin of 39.04%. As a group, equities analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust's payout ratio is 88.12%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FR shares. Wells Fargo & Company cut their price objective 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. Truist Financial reduced their target price on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Barclays cut their price objective on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Royal Bank Of Canada cut their price target on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Finally, The Goldman Sachs Group lowered their price objective on shares of 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. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, First Industrial Realty Trust currently has an average rating of "Hold" and a consensus target price of $55.91.

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.