First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,290 shares of the real estate investment trust's stock after selling 10,864 shares during the period. Wellington Management Group LLP owned 0.17% of First Industrial Realty Trust worth $11,595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Venturi Wealth Management LLC raised its stake 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 worth $56,000 after purchasing an additional 747 shares during the last quarter. Blue Trust Inc. increased its stake 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 valued at $62,000 after buying an additional 292 shares during the period. Smartleaf Asset Management LLC raised its position in 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 worth $68,000 after buying an additional 575 shares during the last quarter. FIL Ltd raised 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 buying an additional 358 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of First Industrial Realty Trust in the 4th quarter worth $85,000. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Price Performance

FR traded down $0.60 during trading on Wednesday, reaching $48.76. 1,645,399 shares of the stock were exchanged, compared to its average volume of 1,151,426. 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 $6.46 billion, a price-to-earnings ratio of 22.37 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 business's 50 day moving average price is $48.54 and its two-hundred day moving average price is $51.66.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data 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 business had revenue of $177.07 million during the quarter, compared to analysts' expectations of $176.98 million. As a group, equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 30th will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, June 30th. First Industrial Realty Trust's dividend payout ratio is presently 88.12%.

Analysts Set New Price Targets

FR has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. JPMorgan Chase & Co. dropped 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. Truist Financial cut their target price on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Barclays decreased their price target on 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. Finally, Royal Bank of Canada dropped their price objective on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target 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.