First Industrial Realty Trust, Inc. (NYSE:FR) Shares Purchased by Vanderbilt University

Vanderbilt University boosted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 48.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,397 shares of the real estate investment trust's stock after acquiring an additional 50,548 shares during the period. First Industrial Realty Trust accounts for 1.6% of Vanderbilt University's investment portfolio, making the stock its 9th biggest holding. Vanderbilt University owned approximately 0.12% of First Industrial Realty Trust worth $8,331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FR. Invesco Ltd. increased its holdings in shares of 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 worth $214,401,000 after purchasing an additional 1,903,164 shares during the period. Norges Bank bought a new stake in First Industrial Realty Trust in the fourth quarter valued at about $90,489,000. Deutsche Bank AG grew its stake in 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 during the last quarter. Rush Island Management LP grew its stake in First Industrial Realty Trust by 50.9% during the fourth quarter. Rush Island Management LP now owns 1,640,530 shares of the real estate investment trust's stock worth $82,240,000 after buying an additional 553,567 shares during the last quarter. Finally, Argosy Lionbridge Management LLC bought a new stake in First Industrial Realty Trust during the fourth quarter worth about $26,447,000. Institutional investors and hedge funds own 99.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FR. The Goldman Sachs Group reduced 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. JPMorgan Chase & Co. cut their price objective on shares of 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. Wall Street Zen lowered shares of First Industrial Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday. Truist Financial cut their target price 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. Finally, Royal Bank Of Canada cut their target price on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. One 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. Based on data from MarketBeat, First Industrial Realty Trust currently has an average rating of "Hold" and an average price target of $55.91.

First Industrial Realty Trust Stock Up 2.0%

Shares of FR stock traded up $0.99 during trading hours on Monday, hitting $50.13. 1,065,809 shares of the company were exchanged, compared to its average volume of 1,161,421. The company has a market capitalization of $6.64 billion, a PE ratio of 24.82 and a beta of 1.09. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. The business has a 50 day moving average of $48.88 and a two-hundred day moving average of $51.28. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.87.

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 for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). The business had revenue of $177.07 million during the quarter, compared to the consensus estimate of $176.98 million. First Industrial Realty Trust had a net margin of 39.04% and a return on equity of 9.82%. Analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors 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 yield of 3.55%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 88.12%.

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.