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

Voloridge Investment Management LLC boosted its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 20.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 0.12% of First Industrial Realty Trust worth $8,267,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its position in First Industrial Realty Trust by 34.6% in the third quarter. Barclays PLC now owns 131,111 shares of the real estate investment trust's stock valued at $7,341,000 after buying an additional 33,702 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of First Industrial Realty Trust by 9.0% in the 4th quarter. Inspire Investing LLC now owns 8,038 shares of the real estate investment trust's stock valued at $403,000 after acquiring an additional 667 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of First Industrial Realty Trust by 13.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,827 shares of the real estate investment trust's stock valued at $142,000 after acquiring an additional 331 shares in the last quarter. Blue Trust Inc. increased its holdings in First Industrial Realty Trust by 30.7% in the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 292 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of First Industrial Realty Trust by 1,669.2% during the fourth quarter. KBC Group NV now owns 59,657 shares of the real estate investment trust's stock valued at $2,991,000 after purchasing an additional 56,285 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Down 0.0%

NYSE FR traded down $0.01 on Wednesday, hitting $49.02. 1,543,230 shares of the company were exchanged, compared to its average volume of 1,141,461. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The company has a market cap of $6.49 billion, a PE ratio of 22.49 and a beta of 1.08. The stock has a fifty day moving average of $48.92 and a 200-day moving average of $51.76.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings results 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 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 analyst estimates of $176.98 million. As a group, 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 firm 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 of this dividend is Monday, June 30th. This represents a $1.78 annualized dividend and a yield of 3.63%. First Industrial Realty Trust's payout ratio is 88.12%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FR. Royal Bank of Canada dropped 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 report on Tuesday, April 29th. JPMorgan Chase & Co. reduced 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 research note on Monday, April 28th. Barclays lowered their target price on 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. The Goldman Sachs Group cut their target price on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial lowered their price objective on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $56.00.

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.