First Industrial Realty Trust, Inc. (NYSE:FR) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP boosted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 52.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 429,066 shares of the real estate investment trust's stock after purchasing an additional 147,790 shares during the period. ExodusPoint Capital Management LP owned about 0.32% of First Industrial Realty Trust worth $21,509,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in First Industrial Realty Trust in the 4th quarter worth $90,489,000. Rush Island Management LP bought a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at approximately $60,848,000. JPMorgan Chase & Co. raised its holdings in First Industrial Realty Trust by 28.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust's stock valued at $187,798,000 after buying an additional 747,101 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in First Industrial Realty Trust by 290.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust's stock worth $50,105,000 after buying an additional 665,920 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in First Industrial Realty Trust by 194.5% during the fourth quarter. Prudential Financial Inc. now owns 792,593 shares of the real estate investment trust's stock worth $41,564,000 after buying an additional 523,429 shares during the period. Institutional investors own 99.85% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FR. The Goldman Sachs Group raised shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $52.00 to $59.00 in a research report on Friday, February 21st. Robert W. Baird raised 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. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price objective for 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. Finally, Scotiabank lowered their target price on shares of First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, First Industrial Realty Trust has a consensus rating of "Hold" and an average price target of $57.77.

First Industrial Realty Trust Stock Performance

FR traded down $0.62 on Tuesday, reaching $44.66. 381,429 shares of the stock were exchanged, compared to its average volume of 1,091,866. The company's 50-day moving average price is $54.77 and its 200 day moving average price is $53.48. 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 market capitalization of $5.91 billion, a PE ratio of 20.43 and a beta of 1.07. First Industrial Realty Trust, Inc. has a fifty-two week low of $44.01 and a fifty-two 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, topping analysts' consensus estimates 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 forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Monday, March 31st. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's payout ratio 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.