abrdn plc Buys 7,117 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

abrdn plc increased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 26.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,263 shares of the real estate investment trust's stock after buying an additional 7,117 shares during the period. abrdn plc's holdings in First Industrial Realty Trust were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of First Industrial Realty Trust in the third quarter valued at $28,000. UMB Bank n.a. increased its holdings 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 valued at $49,000 after purchasing an additional 466 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of First Industrial Realty Trust by 92.5% in the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 481 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of First Industrial Realty Trust by 201.9% in the third 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 increased its holdings in shares of First Industrial Realty Trust by 77.4% in the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 417 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on FR. Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price objective on the stock. 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. Finally, Barclays decreased their price target 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, First Industrial Realty Trust currently has a consensus rating of "Hold" and an average target price of $57.38.

First Industrial Realty Trust Price Performance

FR traded down $0.25 on Friday, hitting $55.60. 504,266 shares of the stock were exchanged, compared to its average volume of 1,123,622. First Industrial Realty Trust, Inc. has a 12 month low of $45.10 and a 12 month high of $57.35. The business has a 50-day moving average of $51.93 and a two-hundred day moving average of $53.57. 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 firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 25.51 and a beta of 1.09.

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%. Sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be given a dividend of $0.445 per share. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 3.20%. First Industrial Realty Trust's dividend payout ratio is currently 67.89%.

First Industrial Realty Trust 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.