Magnetar Financial LLC Buys 42,946 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Magnetar Financial LLC raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 391.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,930 shares of the real estate investment trust's stock after acquiring an additional 42,946 shares during the quarter. Magnetar Financial LLC's holdings in First Industrial Realty Trust were worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FR. Teacher Retirement System of Texas increased its stake in shares of First Industrial Realty Trust by 13.1% in the 4th 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 buying an additional 8,259 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in First Industrial Realty Trust in the fourth quarter worth about $2,470,000. Xponance Inc. increased its position in First Industrial Realty Trust by 5.6% in the fourth quarter. Xponance Inc. now owns 15,053 shares of the real estate investment trust's stock worth $755,000 after purchasing an additional 805 shares during the period. Boston Partners raised its holdings in First Industrial Realty Trust by 2.2% during the 4th quarter. Boston Partners now owns 400,057 shares of the real estate investment trust's stock worth $20,177,000 after purchasing an additional 8,561 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in First Industrial Realty Trust by 111.7% during the 4th quarter. Intech Investment Management LLC now owns 51,896 shares of the real estate investment trust's stock valued at $2,602,000 after purchasing an additional 27,381 shares during the period. 99.85% of the stock is owned by institutional investors.

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First Industrial Realty Trust Stock Down 0.3 %

NYSE FR traded down $0.14 during trading hours on Tuesday, reaching $54.13. 1,335,001 shares of the company's stock were exchanged, compared to its average volume of 1,021,140. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. The company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 24.83 and a beta of 1.07. The company's 50-day moving average is $54.71 and its two-hundred day moving average is $53.77. First Industrial Realty Trust, Inc. has a one year low of $45.10 and a one year high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) 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, 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 declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. First Industrial Realty Trust's payout ratio is 81.65%.

Analysts Set New Price Targets

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

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.