Charles Schwab Investment Management Inc. Purchases 23,280 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Charles Schwab Investment Management Inc. raised its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,205,880 shares of the real estate investment trust's stock after buying an additional 23,280 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.67% of First Industrial Realty Trust worth $110,581,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Creative Planning bought a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at approximately $258,000. Howard Capital Management Group LLC acquired a new position in First Industrial Realty Trust during the third quarter worth $206,000. Farther Finance Advisors LLC raised its stake in First Industrial Realty Trust by 77.4% during the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 417 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of First Industrial Realty Trust by 12.2% during the third quarter. Van ECK Associates Corp now owns 52,170 shares of the real estate investment trust's stock valued at $2,881,000 after acquiring an additional 5,668 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of First Industrial Realty Trust by 7.2% in the 3rd quarter. QRG Capital Management Inc. now owns 12,329 shares of the real estate investment trust's stock valued at $690,000 after purchasing an additional 828 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

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First Industrial Realty Trust Trading Up 0.0 %

First Industrial Realty Trust stock traded up $0.02 during mid-day trading on Wednesday, hitting $56.12. 713,751 shares of the company's stock were exchanged, compared to its average volume of 1,152,207. The company's 50 day simple moving average is $53.74 and its 200-day simple moving average is $53.87. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $7.43 billion, a P/E ratio of 25.78 and a beta of 1.07. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. On average, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's dividend payout ratio is 81.65%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FR. Barclays dropped 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 research report on Monday, November 18th. The Goldman Sachs Group raised shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $52.00 to $59.00 in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft assumed coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 target price on the stock. Robert W. Baird increased their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Finally, KeyCorp upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $58.31.

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.