Cibc World Markets Corp Has $1.93 Million Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Cibc World Markets Corp cut its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 92.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,521 shares of the real estate investment trust's stock after selling 446,453 shares during the period. Cibc World Markets Corp's holdings in First Industrial Realty Trust were worth $1,931,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in FR. Howard Capital Management Group LLC purchased a new position in First Industrial Realty Trust in the 3rd quarter valued at $206,000. CIBC Asset Management Inc purchased a new position in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $217,000. Natixis Advisors LLC boosted its holdings in First Industrial Realty Trust by 12.3% during the 3rd quarter. Natixis Advisors LLC now owns 25,497 shares of the real estate investment trust's stock valued at $1,427,000 after acquiring an additional 2,783 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of First Industrial Realty Trust by 0.3% in the third quarter. Thrivent Financial for Lutherans now owns 169,078 shares of the real estate investment trust's stock valued at $9,465,000 after purchasing an additional 481 shares in the last quarter. Finally, Pathstone Holdings LLC raised its stake in shares of First Industrial Realty Trust by 3.0% in the third quarter. Pathstone Holdings LLC now owns 29,686 shares of the real estate investment trust's stock valued at $1,663,000 after acquiring an additional 869 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FR shares. KeyCorp upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a "hold" rating and a $52.00 price objective for the company. Robert W. Baird upped their target price on 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. Barclays boosted their target price on shares of First Industrial Realty Trust from $55.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, The Goldman Sachs Group upgraded First Industrial Realty Trust from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $58.38.

First Industrial Realty Trust Trading Up 0.5 %

First Industrial Realty Trust stock traded up $0.28 during midday trading on Wednesday, reaching $54.38. The stock had a trading volume of 719,946 shares, compared to its average volume of 1,022,811. First Industrial Realty Trust, Inc. has a twelve month low of $45.10 and a twelve month high of $58.17. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 24.95 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The firm's fifty day simple moving average is $54.80 and its two-hundred day simple moving average is $53.75.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 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%. Equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be given a dividend of $0.445 per share. The ex-dividend date is Monday, March 31st. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a yield of 3.27%. First Industrial Realty Trust's dividend payout ratio is 81.65%.

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.