Raymond James Financial Inc. Purchases Shares of 128,759 First Industrial Realty Trust, Inc. (NYSE:FR)

Raymond James Financial Inc. bought a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 128,759 shares of the real estate investment trust's stock, valued at approximately $6,455,000. Raymond James Financial Inc. owned 0.10% of First Industrial Realty Trust as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CIBC Asset Management Inc raised its position in First Industrial Realty Trust by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust's stock valued at $205,000 after purchasing an additional 210 shares during the last quarter. UMB Bank n.a. increased its position in First Industrial Realty Trust by 24.7% in the 4th 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 during the period. Principal Securities Inc. raised its stake in shares of First Industrial Realty Trust by 9.3% during the fourth quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust's stock valued at $158,000 after acquiring an additional 269 shares during the last quarter. Fortem Financial Group LLC grew its stake in shares of First Industrial Realty Trust by 2.9% in the fourth quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust's stock worth $517,000 after purchasing an additional 292 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of First Industrial Realty Trust by 30.7% in the fourth quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 292 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Scotiabank dropped their price target on 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. The Goldman Sachs Group cut their target price on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped 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. Robert W. Baird raised their target price on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $57.58.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock traded down $0.30 during mid-day trading on Tuesday, reaching $47.45. 64,392 shares of the stock traded hands, compared to its average volume of 1,117,814. The stock has a market capitalization of $6.28 billion, a PE ratio of 21.77 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 business's 50-day moving average is $51.90 and its 200-day moving average is $52.43. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $177.07 million during the quarter, compared to analysts' expectations of $176.98 million. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. As a group, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, March 31st were given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.75%. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date was Monday, March 31st. First Industrial Realty Trust's payout ratio 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.