Employees Retirement System of Texas Buys 9,800 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Employees Retirement System of Texas increased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,000 shares of the real estate investment trust's stock after buying an additional 9,800 shares during the quarter. Employees Retirement System of Texas owned about 0.09% of First Industrial Realty Trust worth $5,715,000 at the end of the most recent quarter.

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

Remove Ads

First Industrial Realty Trust Stock Performance

NYSE:FR traded up $0.89 on Friday, reaching $45.61. 1,763,108 shares of the company's stock were exchanged, compared to its average volume of 1,109,343. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 20.92 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 fifty day simple moving average of $53.74 and a 200-day simple moving average of $53.03. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data 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%. As a group, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The business 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 dividend of $0.445 per share. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a yield of 3.90%. First Industrial Realty Trust's dividend payout ratio is 81.65%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. 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 raised their price target on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group raised shares of 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 report on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a "hold" rating and a $52.00 target price on the stock. Finally, Barclays reaffirmed a "cautious" rating on shares of First Industrial Realty Trust in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, First Industrial Realty Trust presently has an average rating of "Hold" and a consensus target price of $57.77.

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.