Dimensional Fund Advisors LP Has $98.16 Million Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Dimensional Fund Advisors LP reduced its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,958,131 shares of the real estate investment trust's stock after selling 26,228 shares during the period. Dimensional Fund Advisors LP owned 1.48% of First Industrial Realty Trust worth $98,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in First Industrial Realty Trust by 92.5% during the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock worth $50,000 after buying an additional 481 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of First Industrial Realty Trust by 24.7% in the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 214 shares during the period. Venturi Wealth Management LLC boosted its position in shares of First Industrial Realty Trust by 200.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 747 shares in the last quarter. Blue Trust Inc. grew its stake in First Industrial Realty Trust by 30.7% during the fourth quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 292 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in First Industrial Realty Trust by 73.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 575 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

Shares of First Industrial Realty Trust stock opened at $47.29 on Monday. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average price of $52.06 and a 200-day moving average price of $52.48. The company has a market cap of $6.26 billion, a PE ratio of 21.69 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). The company had revenue of $177.07 million during the quarter, compared to analysts' expectations of $176.98 million. 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 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 21st. Investors of record on Monday, March 31st were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Monday, March 31st. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 3.76%. First Industrial Realty Trust's payout ratio is 88.12%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FR. Barclays reaffirmed a "cautious" rating on shares of First Industrial Realty Trust in a research report on Tuesday, March 25th. Robert W. Baird upped their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft assumed 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. Scotiabank dropped their price target on First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. Finally, The Goldman Sachs Group reduced their price objective on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, First Industrial Realty Trust has a consensus rating of "Hold" and a consensus price target of $57.83.

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.

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