First Industrial Realty Trust, Inc. (NYSE:FR) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 460,402 shares of the real estate investment trust's stock after acquiring an additional 37,187 shares during the period. Hsbc Holdings PLC owned approximately 0.35% of First Industrial Realty Trust worth $23,064,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Synovus Financial Corp lifted its position in First Industrial Realty Trust by 96.3% in the third quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust's stock valued at $1,588,000 after purchasing an additional 13,922 shares during the period. Franklin Resources Inc. raised its stake in shares of First Industrial Realty Trust by 42.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust's stock worth $10,546,000 after buying an additional 58,088 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of First Industrial Realty Trust in the 4th quarter valued at approximately $1,463,000. Barclays PLC boosted its stake in shares of First Industrial Realty Trust by 109.7% in the fourth quarter. Barclays PLC now owns 274,968 shares of the real estate investment trust's stock valued at $13,783,000 after buying an additional 143,857 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in First Industrial Realty Trust by 28.7% during the third quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust's stock worth $187,798,000 after acquiring an additional 747,101 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FR has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a "hold" rating and a $52.00 target price on the stock. Scotiabank dropped their price target on First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. Barclays decreased their price objective 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. Finally, Royal Bank of Canada lowered their price objective on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.08.

First Industrial Realty Trust Trading Up 2.1 %

Shares of NYSE:FR traded up $1.02 during midday trading on Friday, reaching $49.12. The company's stock had a trading volume of 261,950 shares, compared to its average volume of 1,120,110. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 22.53 and a beta of 1.07. The business has a 50 day moving average price of $51.41 and a 200 day moving average price of $52.32. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17. 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 posted 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). First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. The company had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. Research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

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 paid a dividend of $0.445 per share. The ex-dividend date is Monday, June 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.62%. First Industrial Realty Trust's dividend 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.