Schonfeld Strategic Advisors LLC Sells 69,539 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Schonfeld Strategic Advisors LLC trimmed its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 38.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,883 shares of the real estate investment trust's stock after selling 69,539 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.09% of First Industrial Realty Trust worth $5,659,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of First Industrial Realty Trust by 92.5% in the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 481 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of 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 last quarter. Venturi Wealth Management LLC boosted its holdings in shares of First Industrial Realty Trust by 200.8% during the 4th 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 in the last quarter. Blue Trust Inc. grew its position in First Industrial Realty Trust by 30.7% during the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 292 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in First Industrial Realty Trust by 73.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock valued at $68,000 after purchasing an additional 575 shares during the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Up 0.3 %

First Industrial Realty Trust stock traded up $0.14 during mid-day trading on Wednesday, reaching $48.71. The stock had a trading volume of 997,013 shares, compared to its average volume of 1,127,376. The firm has a market capitalization of $6.45 billion, a PE ratio of 22.34 and a beta of 1.08. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17. The stock's 50-day simple moving average is $50.93 and its 200-day simple moving average is $52.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21.

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

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders 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 dividend on an annualized basis and a yield of 3.65%. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 88.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FR shares. Royal Bank of Canada cut their target price on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price target on the stock. Truist Financial decreased their price objective on First Industrial Realty Trust from $60.00 to $55.00 and set a "buy" rating for the company in a report on Monday. JPMorgan Chase & Co. cut their target price on First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Scotiabank lowered their price objective 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. Six equities research analysts have rated the stock with a hold rating and seven have assigned 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 an average price target of $56.50.

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.