Barclays PLC Increases Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Barclays PLC boosted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 34.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 131,111 shares of the real estate investment trust's stock after acquiring an additional 33,702 shares during the quarter. Barclays PLC owned 0.10% of First Industrial Realty Trust worth $7,341,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of First Industrial Realty Trust by 27.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,211 shares of the real estate investment trust's stock worth $485,000 after purchasing an additional 2,182 shares during the period. Raymond James & Associates boosted its stake in shares of First Industrial Realty Trust by 8.1% during the 2nd quarter. Raymond James & Associates now owns 25,863 shares of the real estate investment trust's stock worth $1,229,000 after acquiring an additional 1,946 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of First Industrial Realty Trust by 8.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 6,607 shares of the real estate investment trust's stock valued at $314,000 after acquiring an additional 517 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in shares of First Industrial Realty Trust during the 2nd quarter valued at $205,000. Finally, Bank of New York Mellon Corp increased its stake in shares of First Industrial Realty Trust by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,321,315 shares of the real estate investment trust's stock worth $62,776,000 after purchasing an additional 11,522 shares in the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Price Performance

FR traded down $0.46 during trading on Thursday, hitting $49.60. 2,008,636 shares of the company traded hands, compared to its average volume of 1,073,263. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The company has a market cap of $6.56 billion, a PE ratio of 21.29 and a beta of 1.07. The stock's 50-day simple moving average is $53.29 and its two-hundred day simple moving average is $52.75. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35.

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

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust's payout ratio is 63.52%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Scotiabank lifted their target price on First Industrial Realty Trust from $55.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, August 26th. Mizuho lifted their price objective on 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. Barclays reduced their target price on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a report on Monday, November 18th. KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday. Finally, Wells Fargo & Company upped their price target on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of "Hold" and an average target price of $57.83.

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.