Ashton Thomas Private Wealth LLC Takes $389,000 Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Ashton Thomas Private Wealth LLC bought a new position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,714 shares of the real estate investment trust's stock, valued at approximately $389,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FR. Raymond James Financial Inc. bought a new stake in First Industrial Realty Trust in the 4th quarter valued at about $6,455,000. Arizona State Retirement System boosted its position in shares of First Industrial Realty Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 38,409 shares of the real estate investment trust's stock valued at $1,925,000 after acquiring an additional 302 shares during the period. Proficio Capital Partners LLC purchased a new position in First Industrial Realty Trust during the fourth quarter valued at approximately $1,463,000. Cbre Investment Management Listed Real Assets LLC increased its holdings in First Industrial Realty Trust by 35.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 430,245 shares of the real estate investment trust's stock worth $21,568,000 after acquiring an additional 113,379 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in First Industrial Realty Trust by 6.2% in the 4th quarter. Victory Capital Management Inc. now owns 698,710 shares of the real estate investment trust's stock worth $35,026,000 after purchasing an additional 40,734 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

FR has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and boosted their price target for the company from $52.00 to $59.00 in a research report on Friday, February 21st. KeyCorp upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, December 17th. Barclays lowered their price target on First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating on the stock in a report on Monday, November 18th. Robert W. Baird boosted their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 target price on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $58.31.

First Industrial Realty Trust Trading Up 1.4 %

Shares of FR stock traded up $0.75 on Friday, hitting $55.05. 1,169,708 shares of the company's stock traded hands, compared to its average volume of 1,022,597. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 25.25 and a beta of 1.07. First Industrial Realty Trust, Inc. has a one year low of $45.10 and a one year high of $58.17. The company's fifty day simple moving average is $53.96 and its 200 day simple moving average is $53.89. 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 announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, beating 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 analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently declared 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 is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a yield of 3.23%. First Industrial Realty Trust's dividend payout ratio is presently 81.65%.

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.