First Industrial Realty Trust, Inc. (NYSE:FR) Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC raised its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,536 shares of the real estate investment trust's stock after acquiring an additional 31,887 shares during the period. Voya Investment Management LLC owned approximately 0.19% of First Industrial Realty Trust worth $12,359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Howard Capital Management Group LLC purchased a new stake in shares of First Industrial Realty Trust in the third quarter worth about $206,000. Barclays PLC boosted its position in First Industrial Realty Trust by 34.6% in the 3rd quarter. Barclays PLC now owns 131,111 shares of the real estate investment trust's stock worth $7,341,000 after purchasing an additional 33,702 shares in the last quarter. Tidal Investments LLC grew its stake in shares of First Industrial Realty Trust by 20.1% during the 3rd quarter. Tidal Investments LLC now owns 82,537 shares of the real estate investment trust's stock worth $4,620,000 after purchasing an additional 13,827 shares during the period. Synovus Financial Corp increased its holdings in shares of First Industrial Realty Trust by 96.3% during the 3rd quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust's stock valued at $1,588,000 after purchasing an additional 13,922 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of First Industrial Realty Trust by 42.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust's stock valued at $10,546,000 after purchasing an additional 58,088 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FR has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their price objective on shares of 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. JPMorgan Chase & Co. cut their price target 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. Barclays lowered 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. Royal Bank of Canada cut their price objective 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a "hold" rating and a $52.00 target price on the stock. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $57.08.

First Industrial Realty Trust Price Performance

FR traded up $0.93 on Friday, hitting $49.03. 986,461 shares of the company's stock were exchanged, compared to its average volume of 1,122,641. 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 has a market cap of $6.49 billion, a price-to-earnings ratio of 22.49 and a beta of 1.07. The firm has a 50-day moving average price of $51.26 and a 200-day moving average price of $52.24. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $177.07 million for the quarter, compared to analysts' expectations of $176.98 million. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. As a group, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.63%. First Industrial Realty Trust's payout ratio is 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.