Centiva Capital LP Invests $1.04 Million in First Industrial Realty Trust, Inc. (NYSE:FR)

Centiva Capital LP acquired a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,538 shares of the real estate investment trust's stock, valued at approximately $1,038,000.

A number of other large investors also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in First Industrial Realty Trust during the third quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of First Industrial Realty Trust by 46.4% during 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 position in shares of First Industrial Realty Trust by 116.2% in the 3rd 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 in the last quarter. Blue Trust Inc. grew its stake in First Industrial Realty Trust by 201.9% during the 3rd quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust's stock worth $53,000 after buying an additional 636 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in 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. Institutional investors own 99.85% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FR. Barclays lowered their price target on 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. Scotiabank lifted their target price on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. Wolfe Research raised shares of First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 price target for the company in a report on Tuesday, August 13th. Wells Fargo & Company boosted their price objective on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Finally, Mizuho raised their target price on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $57.83.

First Industrial Realty Trust Stock Performance

Shares of NYSE:FR traded down $0.47 during trading on Friday, hitting $51.56. 574,369 shares of the stock traded hands, compared to its average volume of 1,076,400. The company has a fifty day moving average price of $53.81 and a two-hundred day moving average price of $52.38. First Industrial Realty Trust, Inc. has a 52-week low of $45.10 and a 52-week high of $57.35. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 22.33 and a beta of 1.07. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80.

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, 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 business had revenue of $167.60 million during the quarter, compared to the consensus estimate of $164.01 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The company's revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.87%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust's payout ratio is currently 63.52%.

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.