Vident Advisory LLC Reduces Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Vident Advisory LLC decreased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,108 shares of the real estate investment trust's stock after selling 11,409 shares during the quarter. Vident Advisory LLC's holdings in First Industrial Realty Trust were worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in shares of First Industrial Realty Trust by 24.7% during the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 214 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of First Industrial Realty Trust by 200.8% during 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 acquiring an additional 747 shares in the last quarter. Blue Trust Inc. increased 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 acquiring an additional 292 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 575 shares in the last quarter. Finally, FIL Ltd increased its holdings in shares of 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 acquiring an additional 358 shares in the last quarter. Institutional investors own 99.85% of the company's stock.

Analyst Ratings Changes

FR has been the subject of several recent research reports. Truist Financial decreased their price objective on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a report on Monday, May 5th. Scotiabank boosted their price objective on First Industrial Realty Trust from $50.00 to $51.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. JPMorgan Chase & Co. decreased their price target on First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Monday, April 28th. The Goldman Sachs Group decreased their price target 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. Finally, Robert W. Baird decreased their price target on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $56.00.

First Industrial Realty Trust Stock Performance

NYSE:FR traded down $0.31 during trading on Friday, reaching $49.43. The company's stock had a trading volume of 304,300 shares, compared to its average volume of 1,142,635. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 22.66 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. The firm has a 50 day moving average of $48.83 and a 200-day moving average of $51.73. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) 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 42.94% and a return on equity of 10.64%. Research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be paid a $0.445 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.60%. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 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.