BNP Paribas Financial Markets Increases Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

BNP Paribas Financial Markets increased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 77.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,655 shares of the real estate investment trust's stock after purchasing an additional 53,266 shares during the period. BNP Paribas Financial Markets owned 0.09% of First Industrial Realty Trust worth $6,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of First Industrial Realty Trust in the third quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC raised its stake in First Industrial Realty Trust by 46.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of First Industrial Realty Trust by 116.2% during the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 466 shares during the last quarter. Blue Trust Inc. increased its position in First Industrial Realty Trust by 201.9% during the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 636 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of First Industrial Realty Trust by 77.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock worth $53,000 after buying an additional 417 shares during the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Price Performance

Shares of FR stock traded down $0.13 during trading on Tuesday, hitting $52.85. The company had a trading volume of 305,015 shares, compared to its average volume of 1,078,002. The stock's 50-day moving average price is $54.02 and its 200 day moving average price is $52.35. First Industrial Realty Trust, Inc. has a one year low of $45.10 and a one year 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 1.11. The firm has a market capitalization of $6.99 billion, a P/E ratio of 22.74 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $164.01 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts expect that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust's payout ratio is presently 63.52%.

Analyst Ratings Changes

FR has been the subject of several recent research reports. Mizuho increased their price objective 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. Truist Financial increased their target price on First Industrial Realty Trust from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Wolfe Research raised First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective for the company in a report on Tuesday, August 13th. Wells Fargo & Company boosted 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. Finally, Scotiabank lifted their target price on 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.