Entropy Technologies LP Acquires 36,615 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Entropy Technologies LP grew its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 338.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 47,442 shares of the real estate investment trust's stock after acquiring an additional 36,615 shares during the period. Entropy Technologies LP's holdings in First Industrial Realty Trust were worth $2,378,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in First Industrial Realty Trust in the third quarter valued at $28,000. UMB Bank n.a. increased its holdings in First Industrial Realty Trust by 116.2% in the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 466 shares during the period. Versant Capital Management Inc increased its holdings in First Industrial Realty Trust by 92.5% in the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 481 shares during the period. Blue Trust Inc. increased its holdings in First Industrial Realty Trust by 201.9% in the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 636 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in First Industrial Realty Trust by 77.4% in the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 417 shares during the period. 99.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FR. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price target for the company. KeyCorp upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Finally, Barclays decreased their price target on First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $57.38.

First Industrial Realty Trust Stock Up 1.1 %

Shares of FR traded up $0.61 during trading hours on Thursday, hitting $55.88. The stock had a trading volume of 906,826 shares, compared to its average volume of 1,144,980. 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 firm has a 50 day simple moving average of $51.77 and a 200-day simple moving average of $53.55. The firm has a market capitalization of $7.40 billion, a P/E ratio of 25.63 and a beta of 1.09. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $57.35.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 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%. Sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be given a $0.445 dividend. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 3.19%. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 67.89%.

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.