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

Wellington Management Group LLP decreased its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 231,290 shares of the real estate investment trust's stock after selling 10,864 shares during the quarter. Wellington Management Group LLP owned 0.17% of First Industrial Realty Trust worth $11,595,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in shares of 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 worth $56,000 after purchasing an additional 747 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of First Industrial Realty Trust by 73.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 575 shares during the last quarter. FIL Ltd lifted its holdings in shares of First Industrial Realty Trust by 32.8% in the 4th quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust's stock worth $73,000 after purchasing an additional 358 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of First Industrial Realty Trust in the 4th quarter worth approximately $85,000. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Price Performance

Shares of FR traded up $0.51 during midday trading on Friday, reaching $49.55. The stock had a trading volume of 1,289,805 shares, compared to its average volume of 1,155,542. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. 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 firm's 50 day moving average price is $48.26 and its 200-day moving average price is $51.59. The company has a market capitalization of $6.56 billion, a P/E ratio of 22.73 and a beta of 1.08.

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

First Industrial Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Monday, June 30th. First Industrial Realty Trust's payout ratio is 88.12%.

Analysts Set New Price Targets

Several analysts recently issued reports on FR shares. Royal Bank of Canada cut their price target 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. Truist Financial cut their target price on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. 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 research note on Tuesday, April 22nd. 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 note on Monday, April 28th. Finally, Barclays cut their target price 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. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, First Industrial Realty Trust has an average rating of "Moderate Buy" and an average target price of $55.91.

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.