Tidal Investments LLC Purchases 21,997 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Tidal Investments LLC raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,534 shares of the real estate investment trust's stock after acquiring an additional 21,997 shares during the period. Tidal Investments LLC owned approximately 0.08% of First Industrial Realty Trust worth $5,240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. UMB Bank n.a. raised its holdings in shares of First Industrial Realty Trust by 24.7% during the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 214 shares in the last quarter. Venturi Wealth Management LLC increased its position in First Industrial Realty Trust by 200.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 747 shares during the last quarter. Blue Trust Inc. raised its stake in First Industrial Realty Trust by 30.7% during the fourth quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 292 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in First Industrial Realty Trust by 73.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock valued at $68,000 after purchasing an additional 575 shares during the last quarter. Finally, FIL Ltd lifted its position in First Industrial Realty Trust by 32.8% during the fourth quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 358 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FR shares. Scotiabank boosted their target price 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. Barclays dropped their price target on First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird reduced their price objective on 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. Wells Fargo & Company decreased their price objective on 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, The Goldman Sachs Group dropped their target price on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, First Industrial Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $56.00.

First Industrial Realty Trust Trading Down 0.7%

NYSE FR traded down $0.35 during 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. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $58.17. The stock has a 50 day simple moving average of $49.27 and a 200 day simple moving average of $51.83. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 22.08 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly 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). 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 analysts' expectations of $176.98 million. Sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share 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. Stockholders of record on Monday, June 30th will be given a dividend of $0.445 per share. The ex-dividend date is Monday, June 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.70%. First Industrial Realty Trust's dividend payout ratio (DPR) is 88.12%.

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.