First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 149,754 shares of the real estate investment trust's stock after selling 6,742 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of First Industrial Realty Trust worth $7,507,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of FR. Vanguard Group Inc. raised its stake in shares of First Industrial Realty Trust by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust's stock worth $962,039,000 after purchasing an additional 304,589 shares during the last quarter. LPL Financial LLC lifted its stake in shares of First Industrial Realty Trust by 28.5% in the 4th quarter. LPL Financial LLC now owns 50,821 shares of the real estate investment trust's stock worth $2,548,000 after acquiring an additional 11,270 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of First Industrial Realty Trust in the fourth quarter valued at about $1,367,000. Sei Investments Co. raised its stake in shares of First Industrial Realty Trust by 2.6% during the 4th quarter. Sei Investments Co. now owns 111,564 shares of the real estate investment trust's stock worth $5,592,000 after buying an additional 2,846 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of First Industrial Realty Trust by 3.4% in the 4th quarter. American Century Companies Inc. now owns 44,017 shares of the real estate investment trust's stock valued at $2,207,000 after buying an additional 1,429 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

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First Industrial Realty Trust Trading Down 0.8 %

NYSE:FR traded down $0.45 during trading hours on Wednesday, reaching $53.46. 187,009 shares of the company were exchanged, compared to its average volume of 1,123,591. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 24.55 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 stock has a 50 day simple moving average of $55.07 and a 200 day simple moving average of $53.68. First Industrial Realty Trust, Inc. has a 52-week low of $45.10 and a 52-week high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently announced 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. This represents a $1.78 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase 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 weighed in on FR. Barclays reaffirmed a "cautious" rating on shares of First Industrial Realty Trust in a report on Tuesday, March 25th. KeyCorp raised First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft began 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 lifted their price target on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and increased their price target for the company from $52.00 to $59.00 in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $58.38.

First Industrial Realty Trust 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.