Bank of Montreal Can Has $4.75 Million Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Bank of Montreal Can lessened its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 84.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,725 shares of the real estate investment trust's stock after selling 474,407 shares during the period. Bank of Montreal Can owned approximately 0.06% of First Industrial Realty Trust worth $4,748,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of First Industrial Realty Trust by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust's stock valued at $122,182,000 after purchasing an additional 81,826 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of First Industrial Realty Trust by 7.3% in the 2nd quarter. Victory Capital Management Inc. now owns 2,177,761 shares of the real estate investment trust's stock worth $103,465,000 after acquiring an additional 148,996 shares during the last quarter. Dimensional Fund Advisors LP raised its position in First Industrial Realty Trust by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust's stock valued at $96,133,000 after buying an additional 118,239 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of First Industrial Realty Trust by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 1,321,315 shares of the real estate investment trust's stock valued at $62,776,000 after purchasing an additional 11,522 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of First Industrial Realty Trust by 2.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust's stock valued at $61,632,000 after purchasing an additional 26,353 shares during the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Down 0.7 %

NYSE:FR traded down $0.35 on Wednesday, hitting $52.41. 599,155 shares of the company's stock traded hands, compared to its average volume of 1,077,728. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The company has a market cap of $6.94 billion, a PE ratio of 22.49 and a beta of 1.07. The firm has a 50-day moving average price of $53.88 and a 200-day moving average price of $52.38.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. The business had revenue of $167.60 million for the quarter, compared to analyst estimates of $164.01 million. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. First Industrial Realty Trust's revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS. Equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently declared 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 2.82%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 63.52%.

Analyst Upgrades and Downgrades

FR has been the topic of several recent research reports. Wolfe Research raised shares of First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 target price on the stock in a report on Tuesday, August 13th. Scotiabank lifted their price objective on First Industrial Realty Trust from $55.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, August 26th. Wells Fargo & Company upped their price target on 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. Barclays reduced their target price on 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. Finally, Mizuho upped their target price on First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, September 5th. One research 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.