Centiva Capital LP Reduces Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Centiva Capital LP lessened its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 30.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,931 shares of the real estate investment trust's stock after selling 5,607 shares during the quarter. Centiva Capital LP's holdings in First Industrial Realty Trust were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of First Industrial Realty Trust by 34.6% during the third quarter. Barclays PLC now owns 131,111 shares of the real estate investment trust's stock valued at $7,341,000 after purchasing an additional 33,702 shares during the last quarter. Franklin Resources Inc. grew its position in First Industrial Realty Trust by 42.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust's stock worth $10,546,000 after purchasing an additional 58,088 shares during the period. Park Avenue Securities LLC raised its stake in First Industrial Realty Trust by 14.8% during the 4th quarter. Park Avenue Securities LLC now owns 10,124 shares of the real estate investment trust's stock valued at $508,000 after buying an additional 1,304 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of First Industrial Realty Trust by 6.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,241 shares of the real estate investment trust's stock valued at $513,000 after buying an additional 665 shares during the period. Finally, Boston Common Asset Management LLC lifted its holdings in shares of First Industrial Realty Trust by 28.7% during the 4th quarter. Boston Common Asset Management LLC now owns 84,028 shares of the real estate investment trust's stock valued at $4,212,000 after buying an additional 18,749 shares during the period. Institutional investors own 99.85% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FR shares. Truist Financial dropped their price target on shares of 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. JPMorgan Chase & Co. cut their price target on 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. Scotiabank raised their price objective on First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a research note on Monday. Royal Bank of Canada lowered their price objective on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, The Goldman Sachs Group reduced their target price 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. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $56.58.

First Industrial Realty Trust Price Performance

Shares of FR traded up $1.78 during midday trading on Monday, hitting $51.31. 1,686,173 shares of the company traded hands, compared to its average volume of 1,135,865. 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 quick ratio of 1.11 and a current ratio of 1.21. The firm has a 50 day moving average of $50.47 and a 200-day moving average of $52.03. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 23.54 and a beta of 1.08.

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 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 the consensus estimate of $176.98 million. On average, analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is 88.12%.

First Industrial Realty Trust Company 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.