Voloridge Investment Management LLC Purchases 28,066 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Voloridge Investment Management LLC grew its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 20.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,910 shares of the real estate investment trust's stock after acquiring an additional 28,066 shares during the quarter. Voloridge Investment Management LLC owned about 0.12% of First Industrial Realty Trust worth $8,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FR. Venturi Wealth Management LLC increased its position in First Industrial Realty Trust by 200.8% in the 4th 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 during the period. Blue Trust Inc. lifted its position in shares of First Industrial Realty Trust by 30.7% during the 4th 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 during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of First Industrial Realty Trust by 73.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock valued at $68,000 after buying an additional 575 shares during the period. FIL Ltd lifted its position 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 worth $73,000 after acquiring an additional 358 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in First Industrial Realty Trust in the fourth quarter valued at about $85,000. Institutional investors and hedge funds own 99.85% of the company's stock.

Analyst Upgrades and Downgrades

FR has been the topic of several analyst reports. Scotiabank increased their price objective on shares of 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. Wells Fargo & Company cut their price objective on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. JPMorgan Chase & Co. decreased their price objective on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Royal Bank of Canada decreased their price objective on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Barclays cut their target price on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, First Industrial Realty Trust presently has an average rating of "Moderate Buy" and an average target price of $56.00.

First Industrial Realty Trust Trading Down 1.1%

Shares of FR traded down $0.53 during mid-day trading on Friday, hitting $49.21. The company had a trading volume of 340,087 shares, compared to its average volume of 1,142,850. The stock has a market cap of $6.51 billion, a PE ratio of 22.57 and a beta of 1.08. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a 1-year low of $40.31 and a 1-year high of $58.17. The business's 50-day simple moving average is $48.83 and its 200-day simple moving average is $51.73.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.02). First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. The firm had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. Sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.445 per share. The ex-dividend date is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.62%. First Industrial Realty Trust's payout ratio is presently 88.12%.

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.