Cbre Investment Management Listed Real Assets LLC Acquires 113,379 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Cbre Investment Management Listed Real Assets LLC increased its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 35.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 430,245 shares of the real estate investment trust's stock after purchasing an additional 113,379 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 0.33% of First Industrial Realty Trust worth $21,568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in First Industrial Realty Trust by 6.2% in the 4th quarter. Victory Capital Management Inc. now owns 698,710 shares of the real estate investment trust's stock valued at $35,026,000 after buying an additional 40,734 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in First Industrial Realty Trust by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,205,880 shares of the real estate investment trust's stock valued at $110,581,000 after buying an additional 23,280 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in First Industrial Realty Trust by 73.2% in 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 buying an additional 575 shares during the last quarter. Metis Global Partners LLC grew its stake in First Industrial Realty Trust by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 15,173 shares of the real estate investment trust's stock valued at $761,000 after buying an additional 1,549 shares during the last quarter. Finally, Versor Investments LP grew its stake in First Industrial Realty Trust by 497.4% in the 4th quarter. Versor Investments LP now owns 35,460 shares of the real estate investment trust's stock valued at $1,778,000 after buying an additional 29,524 shares during the last quarter. 99.85% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

FR has been the topic of a number of research reports. The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and upped their price target for the company from $52.00 to $59.00 in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price target on the stock. 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. Robert W. Baird increased 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, February 19th. Finally, KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $58.31.

First Industrial Realty Trust Price Performance

Shares of NYSE FR traded down $0.14 during trading hours on Friday, hitting $57.51. 1,160,884 shares of the stock were exchanged, compared to its average volume of 1,145,136. 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 market cap of $7.61 billion, a PE ratio of 26.38 and a beta of 1.07. The company's fifty day simple moving average is $53.51 and its two-hundred day simple moving average is $53.88. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping 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, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be 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 of this dividend is Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 3.10%. First Industrial Realty Trust's dividend payout ratio is presently 81.65%.

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.