National Bank of Canada FI Has $19.60 Million Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

National Bank of Canada FI trimmed its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 60.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,100 shares of the real estate investment trust's stock after selling 525,900 shares during the period. National Bank of Canada FI owned approximately 0.26% of First Industrial Realty Trust worth $19,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in First Industrial Realty Trust by 46.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 200 shares during the last quarter. Stifel Financial Corp raised its position in shares of First Industrial Realty Trust by 1.1% during the third quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust's stock valued at $1,450,000 after buying an additional 278 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its stake in shares of First Industrial Realty Trust by 4.8% in the second quarter. Azzad Asset Management Inc. ADV now owns 6,472 shares of the real estate investment trust's stock valued at $307,000 after buying an additional 295 shares during the period. Farther Finance Advisors LLC grew its position in First Industrial Realty Trust by 77.4% during the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock worth $53,000 after buying an additional 417 shares in the last quarter. Finally, Fortem Financial Group LLC increased its stake in First Industrial Realty Trust by 4.6% during the second quarter. Fortem Financial Group LLC now owns 9,868 shares of the real estate investment trust's stock valued at $469,000 after acquiring an additional 438 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Price Performance

Shares of FR stock traded down $0.50 during trading hours on Tuesday, reaching $52.28. 820,666 shares of the company were exchanged, compared to its average volume of 1,075,825. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $57.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The stock's fifty day moving average is $53.60 and its two-hundred day moving average is $52.56. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 22.44 and a beta of 1.07.

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

First Industrial Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.83%. First Industrial Realty Trust's dividend payout ratio is currently 63.52%.

Wall Street Analyst Weigh In

FR has been the topic of several recent research reports. Mizuho lifted their price objective on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, September 5th. Scotiabank lifted their target price on shares of 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 increased their price target on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Barclays decreased their price objective 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, Wolfe Research raised First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 target price for the company in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.83.

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.