Asset Management One Co. Ltd. Purchases 9,090 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Asset Management One Co. Ltd. grew its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,843 shares of the real estate investment trust's stock after purchasing an additional 9,090 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.17% of First Industrial Realty Trust worth $11,476,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of First Industrial Realty Trust by 28.7% in the third quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust's stock valued at $187,798,000 after purchasing an additional 747,101 shares during the period. Geode Capital Management LLC increased its position in First Industrial Realty Trust by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust's stock worth $138,214,000 after acquiring an additional 15,093 shares during the period. Charles Schwab Investment Management Inc. increased its position in First Industrial Realty Trust by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust's stock worth $122,182,000 after acquiring an additional 81,826 shares during the period. Rush Island Management LP bought a new position in First Industrial Realty Trust during the third quarter worth $60,848,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in First Industrial Realty Trust by 290.6% during 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 acquiring an additional 665,920 shares during the period. Institutional investors own 99.85% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FR shares. Barclays dropped 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. 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. KeyCorp raised shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Finally, Robert W. Baird boosted their target price on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $57.77.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR traded up $0.16 on Thursday, hitting $55.78. The stock had a trading volume of 503,377 shares, compared to its average volume of 1,067,469. First Industrial Realty Trust, Inc. has a twelve month low of $45.10 and a twelve month high of $57.35. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. The firm's 50 day moving average price is $52.13 and its 200-day moving average price is $53.59. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 25.59 and a beta of 1.09.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, beating 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, equities research analysts predict 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 declared 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 an increase 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 annualized dividend and a yield of 3.19%. First Industrial Realty Trust's dividend payout ratio is 67.89%.

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.