Anson Funds Management LP Trims Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Anson Funds Management LP reduced its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 19.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,602 shares of the real estate investment trust's stock after selling 14,038 shares during the period. Anson Funds Management LP's holdings in First Industrial Realty Trust were worth $3,281,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FR. D. E. Shaw & Co. Inc. boosted its position in shares of First Industrial Realty Trust by 17.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 531,900 shares of the real estate investment trust's stock valued at $25,271,000 after acquiring an additional 79,515 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of First Industrial Realty Trust by 2.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust's stock valued at $61,632,000 after buying an additional 26,353 shares in the last quarter. United Services Automobile Association bought a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth $507,000. Allspring Global Investments Holdings LLC grew its position in First Industrial Realty Trust by 2,886.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 18,843 shares of the real estate investment trust's stock worth $1,055,000 after acquiring an additional 18,212 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in First Industrial Realty Trust by 77.7% in the second quarter. Renaissance Technologies LLC now owns 143,400 shares of the real estate investment trust's stock valued at $6,813,000 after acquiring an additional 62,700 shares during the last quarter. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Trading Down 0.9 %

Shares of NYSE:FR traded down $0.47 on Friday, hitting $51.56. The company had a trading volume of 574,370 shares, compared to its average volume of 776,166. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 22.13 and a beta of 1.07. The firm's 50-day simple moving average is $53.72 and its two-hundred day simple moving average is $52.47. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The firm had revenue of $167.60 million for the quarter, compared to analysts' expectations of $164.01 million. During the same quarter in the previous year, the business posted $0.62 EPS. The company's quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.87%. First Industrial Realty Trust's payout ratio is currently 63.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wolfe Research upgraded First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective on the stock in a research report on Tuesday, August 13th. Scotiabank boosted their price objective on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, August 26th. Wells Fargo & Company increased their target price on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Barclays decreased their target price on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Monday, November 18th. Finally, Mizuho upped their price target on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $57.83.

About First Industrial Realty Trust

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.