86,052 Shares in First Industrial Realty Trust, Inc. (NYSE:FR) Bought by Commerce Bank

Commerce Bank purchased a new position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 86,052 shares of the real estate investment trust's stock, valued at approximately $4,817,000. Commerce Bank owned 0.07% of First Industrial Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of First Industrial Realty Trust by 46.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust's stock worth $30,000 after buying an additional 200 shares during the last quarter. Azzad Asset Management Inc. ADV increased its stake in First Industrial Realty Trust by 4.8% in the second quarter. Azzad Asset Management Inc. ADV now owns 6,472 shares of the real estate investment trust's stock valued at $307,000 after acquiring an additional 295 shares during the last quarter. Farther Finance Advisors LLC lifted 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 purchasing an additional 417 shares during the last quarter. Fortem Financial Group LLC lifted its stake in First Industrial Realty Trust by 4.6% during the second quarter. Fortem Financial Group LLC now owns 9,868 shares of the real estate investment trust's stock worth $469,000 after purchasing an additional 438 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings 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. Hedge funds and other institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Performance

Shares of FR stock traded up $0.88 during trading hours on Friday, reaching $53.57. The company had a trading volume of 229,548 shares, compared to its average volume of 1,084,072. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. The business has a fifty day moving average price of $54.35 and a 200-day moving average price of $51.99. First Industrial Realty Trust, Inc. has a one year low of $45.02 and a one year high of $57.35. The firm has a market cap of $7.09 billion, a PE ratio of 22.67 and a beta of 1.08.

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 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. The company had revenue of $167.60 million during the quarter, compared to analyst estimates of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. First Industrial Realty Trust's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. Sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust's payout ratio is 63.52%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on First Industrial Realty Trust from $46.00 to $52.00 and gave the stock a "sell" rating in a research report on Friday, July 26th. Royal Bank of Canada upped their price target on shares of First Industrial Realty Trust from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, July 30th. Barclays lowered their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a research note on Monday. JPMorgan Chase & Co. increased their price objective on First Industrial Realty Trust from $53.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, July 31st. Finally, Mizuho upped their price objective on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, First Industrial Realty Trust has an average rating of "Moderate Buy" and an average target price of $57.83.

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.