AlphaQuest LLC Has $933,000 Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

AlphaQuest LLC reduced its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 65.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,619 shares of the real estate investment trust's stock after selling 35,537 shares during the period. AlphaQuest LLC's holdings in First Industrial Realty Trust were worth $933,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CIBC Asset Management Inc grew its holdings in First Industrial Realty Trust by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust's stock valued at $205,000 after buying an additional 210 shares in the last quarter. UMB Bank n.a. boosted its position in shares of First Industrial Realty Trust by 24.7% in the fourth 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. Principal Securities Inc. grew its stake in shares of First Industrial Realty Trust by 9.3% in the fourth quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust's stock valued at $158,000 after acquiring an additional 269 shares in the last quarter. Stifel Financial Corp increased its position in First Industrial Realty Trust by 1.1% during the third quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust's stock worth $1,450,000 after acquiring an additional 278 shares during the period. Finally, Fortem Financial Group LLC raised its stake in First Industrial Realty Trust by 2.9% in the 4th quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust's stock worth $517,000 after purchasing an additional 292 shares in the last quarter. 99.85% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a "hold" rating and a $52.00 target price on the stock. Barclays cut 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 report on Monday, November 18th. The Goldman Sachs Group raised 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 note on Friday, February 21st. Robert W. Baird increased their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, KeyCorp raised shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $58.31.

First Industrial Realty Trust Price Performance

Shares of NYSE FR traded up $0.75 during mid-day trading on Friday, hitting $55.05. 1,169,708 shares of the stock traded hands, compared to its average volume of 1,022,597. First Industrial Realty Trust, Inc. has a twelve month low of $45.10 and a twelve month high of $58.17. The firm has a 50 day simple moving average of $53.96 and a two-hundred day simple moving average of $53.89. 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 company has a market cap of $7.29 billion, a PE ratio of 25.25 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share 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%. As a group, equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently announced 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 is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Monday, March 31st. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 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.