BNP Paribas Financial Markets Has $3.02 Million Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

BNP Paribas Financial Markets lowered its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 50.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,217 shares of the real estate investment trust's stock after selling 61,438 shares during the quarter. BNP Paribas Financial Markets' holdings in First Industrial Realty Trust were worth $3,019,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in First Industrial Realty Trust by 24.7% in the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 214 shares in the last quarter. Venturi Wealth Management LLC lifted its position 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 worth $56,000 after buying an additional 747 shares in the last quarter. Blue Trust Inc. increased its position in 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 valued at $62,000 after acquiring an additional 292 shares in the last quarter. Smartleaf Asset Management LLC increased its position in 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 valued at $68,000 after acquiring an additional 575 shares in the last quarter. Finally, FIL Ltd grew its stake in shares of First Industrial Realty Trust by 32.8% during the fourth quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 358 shares during the last quarter. Institutional investors own 99.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FR shares. The Goldman Sachs Group decreased their price objective on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Barclays cut their target price on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Robert W. Baird dropped 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 report on Tuesday, May 6th. Finally, Scotiabank raised their price target on First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $56.00.

First Industrial Realty Trust Trading Down 1.5%

First Industrial Realty Trust stock traded down $0.74 during mid-day trading on Wednesday, hitting $49.60. 35,932 shares of the company's stock were exchanged, compared to its average volume of 1,131,015. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17. The company's 50 day simple moving average is $49.68 and its 200-day simple moving average is $51.93. The firm has a market capitalization of $6.57 billion, a P/E ratio of 22.78 and a beta of 1.08. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued 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 company had revenue of $177.07 million for the quarter, compared to analyst estimates 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, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

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