First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Vident Advisory LLC

Vident Advisory LLC lessened its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 40.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc increased its stake in First Industrial Realty Trust by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust's stock valued at $205,000 after purchasing an additional 210 shares during the last quarter. UMB Bank n.a. increased its stake in shares of First Industrial Realty Trust by 24.7% during the 4th 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 during the last quarter. Stifel Financial Corp lifted its holdings in shares of First Industrial Realty Trust by 0.9% during the 4th quarter. Stifel Financial Corp now owns 26,121 shares of the real estate investment trust's stock worth $1,309,000 after acquiring an additional 222 shares during the period. Principal Securities Inc. lifted its holdings in shares of First Industrial Realty Trust by 9.3% during the 4th quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust's stock worth $158,000 after acquiring an additional 269 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of First Industrial Realty Trust by 30.7% in the fourth quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 292 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Down 0.0%

NYSE:FR traded down $0.01 during mid-day trading on Wednesday, reaching $49.02. The stock had a trading volume of 1,543,230 shares, compared to its average volume of 1,141,461. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 22.49 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $58.17. The stock's 50 day simple moving average is $48.92 and its two-hundred day simple moving average is $51.76.

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 the consensus estimate 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 business had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. Equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently announced 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. This represents a $1.78 annualized dividend and a yield of 3.63%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust's dividend payout ratio is presently 88.12%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. cut their target price on First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Scotiabank boosted their target price on First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Robert W. Baird reduced their price target on shares of 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 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 note on Tuesday, April 22nd. Finally, Wells Fargo & Company cut their price objective on First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

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.