Natixis Has $2.39 Million Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Natixis lessened its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 87.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,729 shares of the real estate investment trust's stock after selling 347,101 shares during the period. Natixis' holdings in First Industrial Realty Trust were worth $2,393,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc grew its holdings in First Industrial Realty Trust by 92.5% during the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 481 shares in the last quarter. UMB Bank n.a. grew its holdings 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 in the last quarter. Venturi Wealth Management LLC grew its holdings in First Industrial Realty Trust by 200.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 747 shares in the last quarter. Blue Trust Inc. grew its holdings in First Industrial Realty Trust by 30.7% during the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 292 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings 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 valued at $68,000 after purchasing an additional 575 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FR. Scotiabank lowered their price target on shares of First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price objective for the company. Barclays reissued a "cautious" rating on shares of First Industrial Realty Trust in a report on Tuesday, March 25th. The Goldman Sachs Group decreased their price objective on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Robert W. Baird raised their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, First Industrial Realty Trust has an average rating of "Hold" and an average target price of $57.83.

First Industrial Realty Trust Price Performance

FR stock traded down $0.34 during trading hours on Friday, hitting $47.29. 801,446 shares of the stock traded hands, compared to its average volume of 1,122,275. The stock has a 50-day simple moving average of $52.06 and a 200 day simple moving average of $52.48. The company has a market cap of $6.26 billion, a P/E ratio of 21.69 and a beta of 1.07. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year 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.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $176.98 million. Equities analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were paid a dividend of $0.445 per share. The ex-dividend date was Monday, March 31st. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 3.76%. First Industrial Realty Trust's dividend payout ratio is currently 88.12%.

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.