Point72 DIFC Ltd Takes $1.29 Million Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Point72 DIFC Ltd acquired a new position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,051 shares of the real estate investment trust's stock, valued at approximately $1,290,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in First Industrial Realty Trust by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust's stock valued at $122,182,000 after acquiring an additional 81,826 shares in the last quarter. Victory Capital Management Inc. boosted its position in First Industrial Realty Trust by 7.3% during the 2nd quarter. Victory Capital Management Inc. now owns 2,177,761 shares of the real estate investment trust's stock valued at $103,465,000 after acquiring an additional 148,996 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in First Industrial Realty Trust by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust's stock valued at $96,133,000 after acquiring an additional 118,239 shares in the last quarter. Bank of New York Mellon Corp boosted its position in First Industrial Realty Trust by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,321,315 shares of the real estate investment trust's stock valued at $62,776,000 after acquiring an additional 11,522 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in First Industrial Realty Trust by 2.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust's stock valued at $61,632,000 after acquiring an additional 26,353 shares in the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Performance

FR traded down $0.39 during midday trading on Thursday, hitting $52.03. 1,267,685 shares of the company were exchanged, compared to its average volume of 1,078,536. The company's 50 day simple moving average is $53.81 and its 200 day simple moving average is $52.38. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 22.33 and a beta of 1.07. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $57.35.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. The company had revenue of $167.60 million for the quarter, compared to the consensus estimate of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. As a group, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio is currently 63.52%.

Analyst Ratings Changes

Several brokerages have issued reports on FR. Wolfe Research raised First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 target price on the stock in a research report on Tuesday, August 13th. Wells Fargo & Company increased their price objective on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Scotiabank increased their price objective on First Industrial Realty Trust from $55.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, August 26th. Mizuho raised their target price on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, September 5th. Finally, Barclays reduced their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, First Industrial Realty Trust has a consensus rating of "Moderate Buy" and a consensus target price of $57.83.

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.