First Trust Advisors LP Grows Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

First Trust Advisors LP grew its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 67.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,487 shares of the real estate investment trust's stock after acquiring an additional 28,432 shares during the quarter. First Trust Advisors LP owned about 0.05% of First Industrial Realty Trust worth $3,534,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FR. CIBC Asset Management Inc lifted its holdings in shares of First Industrial Realty Trust by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust's stock worth $205,000 after acquiring an additional 210 shares during the last quarter. UMB Bank n.a. raised its position in First Industrial Realty Trust by 24.7% during the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 214 shares during the last quarter. Principal Securities Inc. lifted its holdings in First Industrial Realty Trust by 9.3% in the 4th quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust's stock worth $158,000 after buying an additional 269 shares during the period. Fortem Financial Group LLC grew its position in shares of First Industrial Realty Trust by 2.9% in the 4th quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust's stock worth $517,000 after buying an additional 292 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of First Industrial Realty Trust by 30.7% during the fourth 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. 99.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FR has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price objective on the stock. JPMorgan Chase & Co. lowered 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 report on Monday, April 28th. Robert W. Baird decreased their target price on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating for the company in a research report on Tuesday. The Goldman Sachs Group lowered their price objective on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, 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 research note on Tuesday, April 29th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $56.50.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock traded up $0.14 during midday trading on Wednesday, reaching $48.71. 1,401,989 shares of the company traded hands, compared to its average volume of 1,127,379. 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 debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The business has a 50 day moving average of $50.93 and a two-hundred day moving average of $52.17. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of 22.34 and a beta of 1.08.

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 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $176.98 million. As a group, research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be given a $0.445 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.78 annualized dividend and a yield of 3.65%. First Industrial Realty Trust's payout ratio is presently 88.12%.

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.