Alliancebernstein L.P. Purchases 130,819 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Alliancebernstein L.P. boosted its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,432,120 shares of the real estate investment trust's stock after buying an additional 130,819 shares during the quarter. Alliancebernstein L.P. owned approximately 1.84% of First Industrial Realty Trust worth $121,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of 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 First Industrial Realty Trust during the 3rd quarter valued at about $206,000. Cerity Partners LLC purchased a new stake in shares of First Industrial Realty Trust during the third quarter valued at approximately $496,000. FMR LLC boosted its stake in shares of First Industrial Realty Trust by 6.2% during the third quarter. FMR LLC now owns 326,754 shares of the real estate investment trust's stock valued at $18,292,000 after purchasing an additional 18,958 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of First Industrial Realty Trust by 290.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust's stock worth $50,105,000 after purchasing an additional 665,920 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in shares of First Industrial Realty Trust by 78.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,691 shares of the real estate investment trust's stock worth $207,000 after buying an additional 1,627 shares during the period. 99.85% of the stock is currently owned by institutional investors.

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First Industrial Realty Trust Stock Down 5.1 %

First Industrial Realty Trust stock traded down $2.42 on Monday, hitting $45.26. 2,664,684 shares of the stock traded hands, compared to its average volume of 1,094,564. First Industrial Realty Trust, Inc. has a 1 year low of $44.01 and a 1 year high of $58.17. The firm has a market cap of $5.99 billion, a P/E ratio of 20.76 and a beta of 1.07. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The business's fifty day simple moving average is $54.77 and its 200 day simple moving average is $53.48.

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

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's dividend payout ratio (DPR) is 81.65%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group raised shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and increased their price target for the company from $52.00 to $59.00 in a research report on Friday, February 21st. Barclays reiterated a "cautious" rating on shares of First Industrial Realty Trust in a report on Tuesday, March 25th. KeyCorp raised First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft assumed coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price target for the company. Finally, Robert W. Baird lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $57.77.

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.