Marshall Wace LLP Grows Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Marshall Wace LLP lifted its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 69.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 312,730 shares of the real estate investment trust's stock after purchasing an additional 128,692 shares during the quarter. Marshall Wace LLP owned about 0.24% of First Industrial Realty Trust worth $15,677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FR. Versant Capital Management Inc grew its position in First Industrial Realty Trust by 92.5% during the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 481 shares during the period. UMB Bank n.a. raised its position in First Industrial Realty Trust by 24.7% during the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 214 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in First Industrial Realty Trust by 200.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 747 shares during the period. Blue Trust Inc. boosted 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 worth $62,000 after purchasing an additional 292 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of First Industrial Realty Trust by 73.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 575 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

Analyst Ratings Changes

FR has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a report on Tuesday. Scotiabank lowered 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 research note on Monday, April 7th. Robert W. Baird increased their price target on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Barclays reaffirmed a "cautious" rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, First Industrial Realty Trust currently has a consensus rating of "Hold" and an average target price of $57.83.

First Industrial Realty Trust Price Performance

FR traded down $0.34 on Friday, reaching $47.29. 801,446 shares of the company's stock were exchanged, compared to its average volume of 1,120,857. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $58.17. The stock has a market cap of $6.26 billion, a PE ratio of 21.69 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The stock's fifty day moving average price is $52.06 and its 200-day moving average price is $52.50.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $176.98 million. Sell-side analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were given a dividend of $0.445 per share. The ex-dividend date was Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.76%. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 88.12%.

First Industrial Realty Trust Company 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.