UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 48,920 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 846,126 shares of the real estate investment trust's stock after selling 48,920 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.64% of First Industrial Realty Trust worth $42,416,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC boosted its position in First Industrial Realty Trust by 20.5% during the 4th quarter. Voloridge Investment Management LLC now owns 164,910 shares of the real estate investment trust's stock worth $8,267,000 after acquiring an additional 28,066 shares during the period. Woodline Partners LP acquired a new stake in shares of First Industrial Realty Trust during the fourth quarter worth approximately $14,147,000. Sophron Capital Management L.P. acquired a new stake in shares of First Industrial Realty Trust during the fourth quarter worth approximately $2,347,000. Squarepoint Ops LLC grew its position in First Industrial Realty Trust by 170.9% during the fourth quarter. Squarepoint Ops LLC now owns 17,113 shares of the real estate investment trust's stock valued at $858,000 after purchasing an additional 10,797 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in First Industrial Realty Trust by 26.7% in the 4th quarter. Tidal Investments LLC now owns 104,534 shares of the real estate investment trust's stock valued at $5,240,000 after buying an additional 21,997 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Stock Performance

FR stock traded down $0.01 during mid-day trading on Wednesday, reaching $49.02. 1,543,230 shares of the stock traded hands, compared to its average volume of 1,143,881. The firm has a market capitalization of $6.49 billion, a PE ratio of 22.49 and a beta of 1.08. The business has a 50-day moving average of $48.92 and a two-hundred day moving average of $51.76. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. 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 posted its quarterly earnings data 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). The business had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. As a group, equities analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS 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 given a $0.445 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.78 annualized dividend and a yield of 3.63%. First Industrial Realty Trust's dividend payout ratio is 88.12%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Truist Financial lowered 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 report on Monday, May 5th. Royal Bank of Canada reduced their target price on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. dropped their price target on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Barclays cut their price target 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. Finally, 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 research report on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $56.00.

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.