Y Intercept Hong Kong Ltd Decreases Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Y Intercept Hong Kong Ltd reduced its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 66.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 16,185 shares of the real estate investment trust's stock after selling 31,570 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in First Industrial Realty Trust were worth $906,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its holdings in First Industrial Realty Trust by 46.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of First Industrial Realty Trust by 1.1% in the 3rd quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust's stock valued at $1,450,000 after purchasing an additional 278 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in shares of First Industrial Realty Trust by 4.8% during the second quarter. Azzad Asset Management Inc. ADV now owns 6,472 shares of the real estate investment trust's stock worth $307,000 after buying an additional 295 shares during the period. Farther Finance Advisors LLC increased its position in shares of 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 during the period. Finally, Fortem Financial Group LLC raised 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 worth $469,000 after buying an additional 438 shares during the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Up 1.3 %

FR stock traded up $0.70 during midday trading on Friday, reaching $52.80. 770,735 shares of the company's stock traded hands, compared to its average volume of 1,070,671. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm's fifty day moving average price is $53.48 and its 200-day moving average price is $52.55. First Industrial Realty Trust, Inc. has a 52 week low of $45.10 and a 52 week high of $57.35. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 22.35 and a beta of 1.07.

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 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The company had revenue of $167.60 million during the quarter, compared to the consensus estimate of $164.01 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio is 63.52%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FR shares. Scotiabank increased their price target on First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, August 26th. Wells Fargo & Company raised their target price 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. Mizuho boosted their price target 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. Finally, Barclays cut their price target 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.