First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC trimmed its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,553 shares of the real estate investment trust's stock after selling 9,571 shares during the period. Chartwell Investment Partners LLC owned 0.06% of First Industrial Realty Trust worth $4,789,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FR. V Square Quantitative Management LLC purchased a new position in shares of First Industrial Realty Trust during the third quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC increased its stake in 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 in the last quarter. UMB Bank n.a. lifted its stake in shares of First Industrial Realty Trust by 116.2% in the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust's stock worth $49,000 after buying an additional 466 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of 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 valued at $53,000 after buying an additional 636 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of 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 valued at $53,000 after acquiring an additional 417 shares in the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Trading Down 1.0 %

Shares of First Industrial Realty Trust stock traded down $0.56 during trading on Tuesday, hitting $52.85. The stock had a trading volume of 1,013,395 shares, compared to its average volume of 1,099,740. The stock has a market cap of $6.99 billion, a PE ratio of 22.74 and a beta of 1.08. The firm's fifty day simple moving average is $54.90 and its 200-day simple moving average is $51.70. First Industrial Realty Trust, Inc. has a 12 month low of $42.38 and a 12 month high of $57.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The company had revenue of $167.60 million for the quarter, compared to analysts' expectations of $164.01 million. During the same quarter in the prior year, the firm earned $0.62 earnings per share. First Industrial Realty Trust's revenue was up 8.1% compared to the same quarter last year. As a group, sell-side 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 declared 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 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FR. Truist Financial raised their price target on shares of First Industrial Realty Trust from $54.00 to $60.00 and gave the company a "buy" rating in a report on Monday, August 5th. Wells Fargo & Company lifted their target price 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. Wolfe Research raised First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 price target on the stock in a report on Tuesday, August 13th. Barclays upped their price objective on First Industrial Realty Trust from $52.00 to $56.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their target price on First Industrial Realty Trust from $53.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, First Industrial Realty Trust has an average rating of "Moderate Buy" and an average target price of $57.92.

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.