Tidal Investments LLC Increases Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Tidal Investments LLC grew its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 20.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,537 shares of the real estate investment trust's stock after acquiring an additional 13,827 shares during the quarter. Tidal Investments LLC owned about 0.06% of First Industrial Realty Trust worth $4,620,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new position in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $28,000. Allspring Global Investments Holdings LLC grew its holdings in 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 purchasing an additional 200 shares during the last quarter. UMB Bank n.a. increased its position in shares of First Industrial Realty Trust by 116.2% during the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 466 shares in the last quarter. Blue Trust Inc. lifted its holdings 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 during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of First Industrial Realty Trust by 77.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 417 shares in the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock traded up $0.70 during midday trading on Friday, hitting $52.80. 770,735 shares of the company were exchanged, compared to its average volume of 1,070,671. The business has a fifty day simple moving average of $53.44 and a two-hundred day simple moving average of $52.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $6.99 billion, a PE ratio of 22.66 and a beta of 1.07. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $57.35.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, topping analysts' consensus estimates 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 business 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 EPS. The business's revenue was up 8.1% on a year-over-year basis. On average, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust's payout ratio is currently 63.52%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FR shares. Mizuho increased their price objective on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, September 5th. Wells Fargo & Company lifted their price objective on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. Scotiabank boosted their price objective on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, August 26th. Finally, Barclays reduced their target price on 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.