Charles Schwab Investment Management Inc. Acquires 81,826 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Charles Schwab Investment Management Inc. raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 3.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,182,600 shares of the real estate investment trust's stock after buying an additional 81,826 shares during the period. Charles Schwab Investment Management Inc. owned about 1.65% of First Industrial Realty Trust worth $122,182,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FR. V Square Quantitative Management LLC bought a new position in First Industrial Realty Trust during the third quarter worth $28,000. Allspring Global Investments Holdings LLC raised its position in shares of First Industrial Realty Trust by 46.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 200 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of First Industrial Realty Trust by 116.2% in the 3rd 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. Blue Trust Inc. boosted its position in shares of First Industrial Realty Trust by 201.9% during the 3rd 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 in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of First Industrial Realty Trust by 77.4% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Stock Down 1.1 %

Shares of NYSE:FR traded down $0.62 during mid-day trading on Tuesday, hitting $53.85. 593,241 shares of the company traded hands, compared to its average volume of 1,083,534. The stock has a 50-day moving average price of $54.26 and a two-hundred day moving average price of $52.15. First Industrial Realty Trust, Inc. has a 12-month low of $45.02 and a 12-month high of $57.35. The stock has a market cap of $7.13 billion, a P/E ratio of 23.38 and a beta of 1.08. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. The firm had revenue of $167.60 million for the quarter, compared to the consensus estimate of $164.01 million. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS. On average, equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.75%. First Industrial Realty Trust's dividend payout ratio (DPR) is 63.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FR shares. Wells Fargo & Company boosted their price target on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 28th. Wolfe Research raised shares of First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 target price on the stock in a research note on Tuesday, August 13th. Barclays decreased their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a research note on Monday, November 18th. Mizuho increased their price objective on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, September 5th. Finally, Royal Bank of Canada boosted their target price on First Industrial Realty Trust from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, First Industrial Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus target price 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.