CANADA LIFE ASSURANCE Co Raises Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

CANADA LIFE ASSURANCE Co boosted its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,301 shares of the real estate investment trust's stock after buying an additional 9,564 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.20% of First Industrial Realty Trust worth $13,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Versant Capital Management Inc grew its holdings in First Industrial Realty Trust by 92.5% in the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 481 shares during the period. UMB Bank n.a. lifted its position in First Industrial Realty Trust by 24.7% during 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 purchasing an additional 214 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in First Industrial Realty Trust by 200.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 747 shares in the last quarter. Blue Trust Inc. increased its stake in First Industrial Realty Trust by 30.7% in the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock worth $62,000 after buying an additional 292 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in First Industrial Realty Trust by 73.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock valued at $68,000 after purchasing an additional 575 shares during the period. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a report on Tuesday. Barclays restated a "cautious" rating on shares of First Industrial Realty Trust in a research report on Tuesday, March 25th. Scotiabank dropped their price target on First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $57.15.

First Industrial Realty Trust Stock Down 0.7 %

NYSE FR traded down $0.34 on Friday, reaching $47.29. 801,446 shares of the stock traded hands, compared to its average volume of 1,121,879. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17. 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 company has a fifty day moving average price of $52.23 and a 200-day moving average price of $52.55. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 21.69 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). The business had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. As a group, 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were paid a $0.445 dividend. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date was Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a yield of 3.76%. First Industrial Realty Trust's payout ratio is 88.12%.

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.