Northwest & Ethical Investments L.P. Purchases 10,345 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Northwest & Ethical Investments L.P. increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,142 shares of the real estate investment trust's stock after purchasing an additional 10,345 shares during the period. Northwest & Ethical Investments L.P. owned approximately 0.07% of First Industrial Realty Trust worth $4,519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in First Industrial Realty Trust by 38.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 72,257 shares of the real estate investment trust's stock valued at $3,622,000 after purchasing an additional 19,986 shares in the last quarter. Magnetar Financial LLC grew its holdings in shares of First Industrial Realty Trust by 391.0% in the 4th quarter. Magnetar Financial LLC now owns 53,930 shares of the real estate investment trust's stock valued at $2,704,000 after acquiring an additional 42,946 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of First Industrial Realty Trust by 13.1% in the fourth quarter. Teacher Retirement System of Texas now owns 71,348 shares of the real estate investment trust's stock valued at $3,577,000 after acquiring an additional 8,259 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in First Industrial Realty Trust during the fourth quarter worth about $2,470,000. Finally, Xponance Inc. boosted its position in First Industrial Realty Trust by 5.6% during the fourth quarter. Xponance Inc. now owns 15,053 shares of the real estate investment trust's stock valued at $755,000 after purchasing an additional 805 shares during the last quarter. Institutional investors own 99.85% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FR shares. The Goldman Sachs Group raised First Industrial Realty Trust from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $52.00 to $59.00 in a research report on Friday, February 21st. Robert W. Baird boosted their target price on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, December 17th. Barclays boosted their price objective on shares of First Industrial Realty Trust from $55.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $58.38.

First Industrial Realty Trust Stock Performance

NYSE FR traded down $0.14 on Tuesday, reaching $54.13. The stock had a trading volume of 1,335,001 shares, compared to its average volume of 1,021,140. 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 company has a market cap of $7.17 billion, a P/E ratio of 24.83 and a beta of 1.07. The firm has a fifty day moving average of $54.71 and a two-hundred day moving average of $53.77. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the consensus estimate 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%. On average, equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be issued a dividend of $0.445 per share. The ex-dividend date is Monday, March 31st. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 3.29%. First Industrial Realty Trust's payout ratio is 81.65%.

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.