Corient Private Wealth LLC Lowers Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Corient Private Wealth LLC lessened its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 26.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,856 shares of the real estate investment trust's stock after selling 8,264 shares during the quarter. Corient Private Wealth LLC's holdings in First Industrial Realty Trust were worth $1,146,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FR. Howard Capital Management Group LLC acquired a new position in First Industrial Realty Trust during the 3rd quarter valued at approximately $206,000. Natixis Advisors LLC increased its holdings in shares of First Industrial Realty Trust by 12.3% in the third quarter. Natixis Advisors LLC now owns 25,497 shares of the real estate investment trust's stock valued at $1,427,000 after buying an additional 2,783 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in shares of First Industrial Realty Trust by 3.0% during 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 purchasing an additional 869 shares during the last quarter. Cerity Partners LLC purchased a new stake in First Industrial Realty Trust during the third quarter valued at about $496,000. Finally, FMR LLC grew its position in First Industrial Realty Trust by 6.2% during the 3rd quarter. FMR LLC now owns 326,754 shares of the real estate investment trust's stock worth $18,292,000 after purchasing an additional 18,958 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FR. The Goldman Sachs Group upgraded First Industrial Realty Trust from a "sell" rating to a "neutral" rating and lifted their price target for the company from $52.00 to $59.00 in a report on Friday, February 21st. KeyCorp upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, December 17th. Robert W. Baird boosted 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. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 target price for the company. Finally, Barclays reaffirmed a "cautious" rating on shares of First Industrial Realty Trust in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $58.38.

First Industrial Realty Trust Trading Down 1.2 %

FR traded down $0.65 during midday trading on Friday, hitting $53.60. 839,516 shares of the company were exchanged, compared to its average volume of 1,070,118. The firm's 50 day moving average price is $54.99 and its 200-day moving average price is $53.71. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $58.17. The firm has a market capitalization of $7.10 billion, a P/E ratio of 24.59 and a beta of 1.07. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

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

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be issued a $0.445 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 3.32%. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's dividend payout ratio (DPR) is 81.65%.

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.