First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 20.5% during the first 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of First Industrial Realty Trust during the fourth quarter valued at approximately $1,463,000. Arizona State Retirement System raised its holdings 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 buying an additional 302 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Industrial Realty Trust in the fourth quarter worth $6,455,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of First Industrial Realty Trust in the fourth quarter worth $389,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of First Industrial Realty Trust by 34.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,655 shares of the real estate investment trust's stock worth $4,845,000 after buying an additional 24,814 shares during the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Trading Up 0.6%

NYSE:FR traded up $0.30 on Friday, hitting $49.39. The stock had a trading volume of 1,172,732 shares, compared to its average volume of 1,207,238. 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 stock has a market cap of $6.54 billion, a price-to-earnings ratio of 24.45 and a beta of 1.07. The company has a fifty day moving average price of $49.33 and a two-hundred day moving average price of $51.04. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly 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 39.04% and a return on equity of 9.82%. The company had revenue of $177.07 million during the quarter, compared to analysts' expectations of $176.98 million. Equities research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FR. Robert W. Baird reduced their target price on shares of 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. Wells Fargo & Company dropped 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. Truist Financial dropped their price target on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. The Goldman Sachs Group dropped 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 research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $55.91.

About First Industrial Realty Trust

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.