First Industrial Realty Trust, Inc. (NYSE:FR) Position Trimmed by Oak Thistle LLC

Oak Thistle LLC decreased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 45.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,498 shares of the real estate investment trust's stock after selling 5,331 shares during the quarter. Oak Thistle LLC's holdings in First Industrial Realty Trust were worth $326,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FR. Synovus Financial Corp boosted its holdings in shares of First Industrial Realty Trust by 96.3% during the third quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust's stock valued at $1,588,000 after acquiring an additional 13,922 shares during the period. Franklin Resources Inc. raised its holdings in shares of First Industrial Realty Trust by 42.9% during the third quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust's stock valued at $10,546,000 after buying an additional 58,088 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of First Industrial Realty Trust by 17.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 531,900 shares of the real estate investment trust's stock worth $25,271,000 after buying an additional 79,515 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of First Industrial Realty Trust by 2,886.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 18,843 shares of the real estate investment trust's stock worth $1,055,000 after buying an additional 18,212 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in First Industrial Realty Trust by 77.7% in the 2nd quarter. Renaissance Technologies LLC now owns 143,400 shares of the real estate investment trust's stock worth $6,813,000 after buying an additional 62,700 shares in the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Price Performance

Shares of FR traded down $0.66 during trading hours on Friday, hitting $50.76. 732,175 shares of the company were exchanged, compared to its average volume of 866,948. 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 company has a market capitalization of $6.72 billion, a PE ratio of 21.78 and a beta of 1.08. The firm has a fifty day simple moving average of $51.60 and a 200-day simple moving average of $53.15. First Industrial Realty Trust, Inc. has a one year low of $45.10 and a one year high of $57.35.

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

First Industrial Realty Trust Announces Dividend

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 given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 63.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FR. KeyCorp upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Barclays reduced their price objective on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research note on Tuesday. They set a "hold" rating and a $52.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $57.38.

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.