Allstate Corp Raises Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Allstate Corp boosted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 52.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,197 shares of the real estate investment trust's stock after purchasing an additional 29,491 shares during the period. Allstate Corp owned about 0.07% of First Industrial Realty Trust worth $4,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FR. Versant Capital Management Inc raised its stake 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 period. UMB Bank n.a. raised its stake in First Industrial Realty Trust by 24.7% in 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 during the period. Venturi Wealth Management LLC raised its stake in First Industrial Realty Trust by 200.8% in 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 during the period. Blue Trust Inc. lifted its holdings in First Industrial Realty Trust by 30.7% during the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 292 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position 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 worth $68,000 after purchasing an additional 575 shares during the period. Institutional investors own 99.85% of the company's stock.

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First Industrial Realty Trust Stock Performance

Shares of FR remained flat at $53.91 during mid-day trading on Wednesday. The stock had a trading volume of 358,179 shares, compared to its average volume of 1,068,678. The company has a market capitalization of $7.14 billion, a PE ratio of 24.73 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 52 week low of $45.10 and a 52 week high of $58.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The stock has a 50 day simple moving average of $55.07 and a 200 day simple moving average of $53.68.

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 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%. On average, analysts predict 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 paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 3.30%. 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 payout ratio is 81.65%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays reissued a "cautious" rating on shares of First Industrial Realty Trust in a research report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price target for the company. KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, December 17th. Robert W. Baird raised their target price on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group raised shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and upped their price target for the stock from $52.00 to $59.00 in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $58.38.

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.