Versant Capital Management Inc Has $363,000 Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Versant Capital Management Inc increased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 571.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,719 shares of the real estate investment trust's stock after purchasing an additional 5,718 shares during the period. Versant Capital Management Inc's holdings in First Industrial Realty Trust were worth $363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FR. Venturi Wealth Management LLC lifted its holdings in shares of 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 valued at $56,000 after buying an additional 747 shares during the period. Blue Trust Inc. lifted its holdings in shares of 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 during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of First Industrial Realty Trust by 73.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock worth $68,000 after buying an additional 575 shares during the period. FIL Ltd grew its stake in First Industrial Realty Trust by 32.8% during the 4th quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust's stock valued at $73,000 after acquiring an additional 358 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in First Industrial Realty Trust in the 4th quarter valued at approximately $85,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock traded up $0.02 during trading hours on Monday, hitting $49.45. The stock had a trading volume of 887,227 shares, compared to its average volume of 1,149,384. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two 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. The company has a market cap of $6.55 billion, a PE ratio of 22.68 and a beta of 1.08. The company has a 50-day moving average of $48.74 and a two-hundred day moving average of $51.69.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data 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). First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. The company had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. On average, equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 30th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend 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%.

Wall Street Analysts Forecast Growth

FR has been the topic of several research reports. Scotiabank upped their target price on First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Truist Financial dropped 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. Robert W. Baird lowered their price target on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. The Goldman Sachs Group cut their price objective on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their target price on 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. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.