Boston Common Asset Management LLC Boosts Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Boston Common Asset Management LLC raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 28.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,028 shares of the real estate investment trust's stock after acquiring an additional 18,749 shares during the period. Boston Common Asset Management LLC owned approximately 0.06% of First Industrial Realty Trust worth $4,212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 747,101 shares during the last quarter. Geode Capital Management LLC increased its position in First Industrial Realty Trust by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust's stock valued at $138,214,000 after buying an additional 15,093 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of First Industrial Realty Trust by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust's stock valued at $122,182,000 after purchasing an additional 81,826 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in First Industrial Realty Trust by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust's stock valued at $96,133,000 after purchasing an additional 118,239 shares during the last quarter. Finally, Rush Island Management LP purchased a new position in First Industrial Realty Trust in the third quarter valued at $60,848,000. 99.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays lowered their target price on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Monday, November 18th. KeyCorp upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on First Industrial Realty Trust in a research report on Tuesday. They issued a "hold" rating and a $52.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $57.38.

First Industrial Realty Trust Stock Down 1.3 %

NYSE FR traded down $0.66 during trading hours on Friday, hitting $50.76. 732,175 shares of the company were exchanged, compared to its average volume of 866,948. The company has a 50 day moving average of $51.60 and a two-hundred day moving average of $53.15. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 21.78 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 52-week low of $45.10 and a 52-week high of $57.35.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The firm had revenue of $167.60 million for the quarter, compared to analysts' expectations of $164.01 million. During the same quarter last year, the company earned $0.62 earnings per share. The firm's revenue was up 8.1% compared to the same quarter last year. Equities research analysts anticipate 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. Stockholders of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.92%. First Industrial Realty Trust's payout ratio is 63.52%.

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.