Landmark Investment Partners L.P. Takes Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Landmark Investment Partners L.P. purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 328,711 shares of the real estate investment trust's stock, valued at approximately $16,478,000. First Industrial Realty Trust makes up about 6.7% of Landmark Investment Partners L.P.'s holdings, making the stock its 6th largest position. Landmark Investment Partners L.P. owned about 0.25% of First Industrial Realty Trust as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of First Industrial Realty Trust by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust's stock worth $962,039,000 after buying an additional 304,589 shares during the last quarter. Invesco Ltd. boosted its holdings 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 valued at $214,401,000 after acquiring an additional 1,903,164 shares in the last quarter. JPMorgan Chase & Co. grew its position in First Industrial Realty Trust by 28.7% during the 3rd 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 last quarter. Geode Capital Management LLC increased its holdings in First Industrial Realty Trust by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,482,693 shares of the real estate investment trust's stock worth $124,492,000 after purchasing an additional 14,298 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in First Industrial Realty Trust by 5.7% in the 4th quarter. Alliancebernstein L.P. now owns 2,432,120 shares of the real estate investment trust's stock worth $121,922,000 after purchasing an additional 130,819 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on FR shares. Robert W. Baird boosted their price target on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Scotiabank reduced their target price on shares of First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. Royal Bank of Canada decreased their price target on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday. Barclays cut their price target on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group decreased their price objective on 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 stock. Based on data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $57.08.

First Industrial Realty Trust Trading Up 1.9 %

FR traded up $0.93 during trading on Friday, reaching $49.03. 986,461 shares of the stock traded hands, compared to its average volume of 1,122,932. 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 stock's 50-day moving average is $51.41 and its 200 day moving average is $52.32. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17. The stock has a market capitalization of $6.49 billion, a PE ratio of 22.49 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate 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 business had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. 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 paid a $0.445 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.63%. First Industrial Realty Trust's dividend payout ratio is currently 88.12%.

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.