Proficio Capital Partners LLC Makes New $1.46 Million Investment in First Industrial Realty Trust, Inc. (NYSE:FR)

Proficio Capital Partners LLC bought a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 29,176 shares of the real estate investment trust's stock, valued at approximately $1,463,000.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc increased its holdings in 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 valued at $50,000 after buying an additional 481 shares during the last quarter. UMB Bank n.a. raised its position in shares of First Industrial Realty Trust by 24.7% during 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 in the last quarter. Venturi Wealth Management LLC raised its position 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. lifted its stake in First Industrial Realty Trust by 30.7% during the fourth 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 during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in First Industrial Realty Trust by 73.2% during 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 and hedge funds own 99.85% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently commented on FR. Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price target for the company. 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. The Goldman Sachs Group upgraded First Industrial Realty Trust from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. Finally, KeyCorp raised First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, First Industrial Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $58.31.

First Industrial Realty Trust Stock Up 1.5 %

NYSE:FR traded up $0.80 during trading hours on Monday, hitting $54.31. 740,701 shares of the stock traded hands, compared to its average volume of 1,021,240. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 24.91 and a beta of 1.07. The firm has a 50 day moving average price of $54.61 and a 200 day moving average price of $53.78. 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, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. Equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.28%. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. First Industrial Realty Trust's dividend payout ratio is presently 81.65%.

First Industrial Realty Trust 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.