Sumitomo Mitsui Trust Group Inc. Sells 71,866 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,191,328 shares of the real estate investment trust's stock after selling 71,866 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.90% of First Industrial Realty Trust worth $59,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in shares of First Industrial Realty Trust during the third quarter worth $28,000. UMB Bank n.a. grew its stake in shares of First Industrial Realty Trust by 116.2% during the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust's stock worth $49,000 after buying an additional 466 shares during the last quarter. Blue Trust Inc. grew its position in First Industrial Realty Trust by 201.9% during the 3rd quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 636 shares during the last quarter. Farther Finance Advisors LLC grew its position in First Industrial Realty Trust by 77.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 417 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in First Industrial Realty Trust by 92.5% during the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 481 shares during the last quarter. Institutional investors own 99.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FR. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price target on the stock. KeyCorp raised shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Finally, Barclays reduced their target price on shares of 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $57.38.

First Industrial Realty Trust Trading Up 1.1 %

FR traded up $0.61 during trading on Thursday, reaching $55.88. 906,826 shares of the stock traded hands, compared to its average volume of 1,144,980. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $7.40 billion, a PE ratio of 25.63 and a beta of 1.09. The stock's 50-day moving average is $51.77 and its 200 day moving average is $53.55. First Industrial Realty Trust, Inc. has a 12 month low of $45.10 and a 12 month high of $57.35.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, beating the consensus estimate of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. Equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be paid a dividend of $0.445 per share. The ex-dividend date is Monday, March 31st. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 3.19%. First Industrial Realty Trust's dividend payout ratio is currently 67.89%.

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.