First Industrial Realty Trust, Inc. (NYSE:FR) Shares Purchased by Versor Investments LP

Versor Investments LP grew its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 497.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,460 shares of the real estate investment trust's stock after buying an additional 29,524 shares during the period. Versor Investments LP's holdings in First Industrial Realty Trust were worth $1,778,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FR. CIBC Asset Management Inc lifted its stake in shares of First Industrial Realty Trust by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust's stock worth $205,000 after buying an additional 210 shares in the last quarter. UMB Bank n.a. lifted its position in First Industrial Realty Trust by 24.7% in the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 214 shares in the last quarter. Principal Securities Inc. boosted its stake in First Industrial Realty Trust by 9.3% during the 4th quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust's stock valued at $158,000 after purchasing an additional 269 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of First Industrial Realty Trust by 1.1% in the 3rd quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust's stock worth $1,450,000 after purchasing an additional 278 shares in the last quarter. Finally, Fortem Financial Group LLC raised its stake in shares of First Industrial Realty Trust by 2.9% in the fourth quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust's stock worth $517,000 after purchasing an additional 292 shares during the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

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First Industrial Realty Trust Stock Down 0.2 %

Shares of First Industrial Realty Trust stock traded down $0.09 on Monday, reaching $56.99. The stock had a trading volume of 825,845 shares, compared to its average volume of 1,081,390. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.56. The company has a 50 day moving average price of $52.84 and a 200 day moving average price of $53.76. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $7.55 billion, a P/E ratio of 26.14 and a beta of 1.09.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 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, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be paid a dividend of $0.445 per share. The ex-dividend date is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.12%. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 81.65%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. KeyCorp upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. The Goldman Sachs Group raised shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $52.00 to $59.00 in a report on Friday, February 21st. Barclays dropped 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 report on Monday, November 18th. Robert W. Baird boosted their target price on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $58.31.

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.