First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 619,497 shares of the real estate investment trust's stock after selling 79,213 shares during the period. Victory Capital Management Inc. owned about 0.47% of First Industrial Realty Trust worth $33,428,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. OVERSEA CHINESE BANKING Corp Ltd lifted its position in First Industrial Realty Trust by 79.6% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 88,508 shares of the real estate investment trust's stock valued at $4,776,000 after purchasing an additional 39,229 shares during the period. Edgestream Partners L.P. acquired a new position in First Industrial Realty Trust during the first quarter worth $3,885,000. CWM LLC boosted its stake in shares of First Industrial Realty Trust by 101.4% during the 1st quarter. CWM LLC now owns 5,300 shares of the real estate investment trust's stock worth $286,000 after acquiring an additional 2,669 shares during the period. Louisiana State Employees Retirement System lifted its position in First Industrial Realty Trust by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the real estate investment trust's stock worth $2,002,000 after acquiring an additional 400 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in First Industrial Realty Trust by 0.3% in the 1st quarter. New York State Common Retirement Fund now owns 136,829 shares of the real estate investment trust's stock valued at $7,383,000 after buying an additional 447 shares in the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Trading Down 1.7%

Shares of NYSE FR traded down $0.84 during trading hours on Thursday, reaching $50.20. The stock had a trading volume of 1,040,608 shares, compared to its average volume of 1,730,588. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $58.17. The business's fifty day moving average price is $49.35 and its two-hundred day moving average price is $51.01. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 24.49 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.04. The company had revenue of $180.16 million during the quarter, compared to analysts' expectations of $176.46 million. First Industrial Realty Trust had a net margin of 38.70% and a return on equity of 9.92%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.66 earnings per share. Analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, June 30th were given a dividend of $0.445 per share. The ex-dividend date was Monday, June 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.55%. First Industrial Realty Trust's dividend payout ratio is presently 86.83%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of First Industrial Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Barclays decreased their price objective on shares of 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. JPMorgan Chase & Co. dropped 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. Robert W. Baird dropped 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 note on Tuesday, May 6th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $55.91.

First Industrial Realty Trust Company 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.