First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,039,955 shares of the real estate investment trust's stock after selling 147,525 shares during the period. Janus Henderson Group PLC owned 0.79% of First Industrial Realty Trust worth $52,118,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FR. Invesco Ltd. lifted its stake in shares of First Industrial Realty Trust by 80.2% during the 4th quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust's stock worth $214,401,000 after purchasing an additional 1,903,164 shares during the period. Norges Bank purchased a new stake in shares of First Industrial Realty Trust during the fourth quarter worth about $90,489,000. Deutsche Bank AG grew its stake in First Industrial Realty Trust by 56.1% in 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 purchasing an additional 675,306 shares in the last quarter. Argosy Lionbridge Management LLC acquired a new position in First Industrial Realty Trust in the fourth quarter worth about $26,447,000. Finally, Prudential Financial Inc. boosted its stake in First Industrial Realty Trust by 194.5% in the fourth quarter. Prudential Financial Inc. now owns 792,593 shares of the real estate investment trust's stock valued at $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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird cut their price target on First Industrial Realty Trust from $61.00 to $59.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. Barclays dropped their price target on 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. The Goldman Sachs Group lowered 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. JPMorgan Chase & Co. decreased their target price on First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, Royal Bank of Canada cut their target price on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of "Moderate Buy" and a consensus target price of $56.58.

First Industrial Realty Trust Stock Up 0.4%

Shares of First Industrial Realty Trust stock traded up $0.22 on Friday, reaching $51.12. The stock had a trading volume of 1,212,238 shares, compared to its average volume of 1,134,605. The stock has a market capitalization of $6.77 billion, a P/E ratio of 23.45 and a beta of 1.08. 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. The company has a 50 day moving average price of $49.86 and a 200 day moving average price of $51.97.

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 earnings per share 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 company had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. As a group, equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS 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. Shareholders of record on Monday, June 30th will be issued a dividend of $0.445 per share. The ex-dividend date is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.48%. First Industrial Realty Trust's payout ratio is currently 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.