Woodline Partners LP Acquires Shares of 282,204 First Industrial Realty Trust, Inc. (NYSE:FR)

Woodline Partners LP acquired a new stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 282,204 shares of the real estate investment trust's stock, valued at approximately $14,147,000. Woodline Partners LP owned approximately 0.21% of First Industrial Realty Trust at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FR. Invesco Ltd. boosted its stake in First Industrial Realty Trust by 80.2% in the fourth quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust's stock valued at $214,401,000 after acquiring an additional 1,903,164 shares in the last quarter. Norges Bank acquired a new position in First Industrial Realty Trust in the fourth quarter valued at $90,489,000. Deutsche Bank AG boosted its stake in First Industrial Realty Trust by 56.1% in the fourth quarter. Deutsche Bank AG now owns 1,878,628 shares of the real estate investment trust's stock valued at $94,176,000 after acquiring an additional 675,306 shares in the last quarter. Rush Island Management LP boosted its stake in First Industrial Realty Trust by 50.9% in the fourth quarter. Rush Island Management LP now owns 1,640,530 shares of the real estate investment trust's stock valued at $82,240,000 after acquiring an additional 553,567 shares in the last quarter. Finally, Argosy Lionbridge Management LLC acquired a new stake in shares of First Industrial Realty Trust during the fourth quarter worth about $26,447,000. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $48.77 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a market cap of $6.46 billion, a P/E ratio of 22.37 and a beta of 1.08. 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 50-day moving average price of $49.55 and a 200 day moving average price of $51.91.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced 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). First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. The firm had revenue of $177.07 million during the quarter, compared to analyst estimates of $176.98 million. Research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 30th will be given 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 3.65%. First Industrial Realty Trust's payout ratio is 88.12%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays decreased their target price on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Truist Financial decreased their target price on shares of 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. JPMorgan Chase & Co. decreased their target price on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Scotiabank increased their target price on shares of First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, Robert W. Baird decreased their target price on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. 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, the company has an average rating of "Moderate Buy" and an average price target of $56.00.

About First Industrial Realty Trust

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.

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