12,341 Shares in First Industrial Realty Trust, Inc. (NYSE:FR) Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,341 shares of the real estate investment trust's stock, valued at approximately $619,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FR. Invesco Ltd. boosted its holdings in First Industrial Realty Trust by 80.2% in the 4th quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust's stock valued at $214,401,000 after purchasing an additional 1,903,164 shares in the last quarter. Norges Bank acquired a new position in First Industrial Realty Trust during the 4th quarter worth approximately $90,489,000. Deutsche Bank AG grew its holdings in First Industrial Realty Trust by 56.1% during the fourth quarter. Deutsche Bank AG now owns 1,878,628 shares of the real estate investment trust's stock worth $94,176,000 after acquiring an additional 675,306 shares during the period. Argosy Lionbridge Management LLC acquired a new position in First Industrial Realty Trust during the fourth quarter worth $26,447,000. Finally, Prudential Financial Inc. grew its holdings in First Industrial Realty Trust by 194.5% during the fourth quarter. Prudential Financial Inc. now owns 792,593 shares of the real estate investment trust's stock worth $41,564,000 after acquiring an additional 523,429 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Price Performance

Shares of FR traded down $0.29 during mid-day trading on Monday, hitting $50.83. The company's stock had a trading volume of 325,820 shares, compared to its average volume of 1,133,845. The firm has a 50-day moving average price of $49.86 and a 200 day moving average price of $51.96. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 23.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17.

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 for the quarter, missing the consensus estimate 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. On average, research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors 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 3.50%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 88.12%.

Analyst Ratings Changes

A number of brokerages recently weighed in on FR. The Goldman Sachs Group dropped their price objective on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Truist Financial decreased their price objective on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. decreased 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. Wells Fargo & Company decreased their price objective on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Scotiabank boosted their price objective on shares of First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

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.