Wellington Management Group LLP Has $11.60 Million Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Wellington Management Group LLP lowered its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,290 shares of the real estate investment trust's stock after selling 10,864 shares during the quarter. Wellington Management Group LLP owned approximately 0.17% of First Industrial Realty Trust worth $11,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc boosted its position in shares of First Industrial Realty Trust by 92.5% in the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock worth $50,000 after buying an additional 481 shares during the period. UMB Bank n.a. boosted its position in First Industrial Realty Trust by 24.7% during the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 214 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of First Industrial Realty Trust by 200.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 747 shares during the period. Blue Trust Inc. boosted its holdings in shares of First Industrial Realty Trust by 30.7% during the fourth quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 292 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in First Industrial Realty Trust by 73.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock valued at $68,000 after purchasing an additional 575 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

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Wall Street Analyst Weigh In

FR has been the topic of several research analyst reports. Robert W. Baird boosted their price target on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Barclays reiterated a "cautious" rating on shares of First Industrial Realty Trust in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price objective on the stock. The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and increased their price target for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. Finally, Scotiabank cut their target price on First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating on the stock in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $57.77.

First Industrial Realty Trust Stock Performance

FR stock traded up $0.53 on Tuesday, reaching $47.00. 315,343 shares of the company were exchanged, compared to its average volume of 1,107,997. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17. The stock's fifty day moving average price is $53.59 and its 200 day moving average price is $52.97. The firm has a market capitalization of $6.22 billion, a PE ratio of 21.55 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, beating analysts' consensus estimates 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, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.79%. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. First Industrial Realty Trust's dividend payout ratio is presently 81.65%.

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.