Holocene Advisors LP Has $3.25 Million Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Holocene Advisors LP raised its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 33.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,970 shares of the real estate investment trust's stock after acquiring an additional 14,519 shares during the quarter. Holocene Advisors LP's holdings in First Industrial Realty Trust were worth $3,245,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of First Industrial Realty Trust by 46.4% in the second 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. Azzad Asset Management Inc. ADV raised its position in shares of First Industrial Realty Trust by 4.8% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 6,472 shares of the real estate investment trust's stock valued at $307,000 after purchasing an additional 295 shares in the last quarter. Farther Finance Advisors LLC boosted its stake 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 buying an additional 417 shares during the last quarter. Fortem Financial Group LLC grew its position in shares of First Industrial Realty Trust by 4.6% during the second quarter. Fortem Financial Group LLC now owns 9,868 shares of the real estate investment trust's stock worth $469,000 after buying an additional 438 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of 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 worth $49,000 after buying an additional 466 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Stock Down 0.9 %

FR traded down $0.47 during midday trading on Friday, hitting $51.56. 574,369 shares of the company's stock traded hands, compared to its average volume of 1,076,400. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $6.82 billion, a PE ratio of 22.33 and a beta of 1.07. The stock's fifty day simple moving average is $53.81 and its 200-day simple moving average is $52.38. First Industrial Realty Trust, Inc. has a one year low of $45.10 and a one year high of $57.35.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted 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. The company had revenue of $167.60 million for the quarter, compared to analyst estimates of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The business's revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. As a group, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 63.52%.

Analyst Ratings Changes

Several analysts have issued reports on FR shares. Barclays cut their price objective on 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. Wolfe Research upgraded First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective on the stock in a research note on Tuesday, August 13th. Mizuho boosted their target price on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, September 5th. Wells Fargo & Company raised their price target on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Finally, Scotiabank lifted their target price on First Industrial Realty Trust from $55.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, First Industrial Realty Trust currently has an average rating of "Moderate Buy" and an average target price of $57.83.

First Industrial Realty Trust Company 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.