Edgestream Partners L.P. Has $3.75 Million Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Edgestream Partners L.P. decreased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 36.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,057 shares of the real estate investment trust's stock after selling 39,274 shares during the quarter. Edgestream Partners L.P. owned approximately 0.05% of First Industrial Realty Trust worth $3,754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its position in First Industrial Realty Trust by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust's stock valued at $122,182,000 after purchasing an additional 81,826 shares during the period. Victory Capital Management Inc. grew its position in shares of First Industrial Realty Trust by 7.3% during the second quarter. Victory Capital Management Inc. now owns 2,177,761 shares of the real estate investment trust's stock worth $103,465,000 after acquiring an additional 148,996 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of First Industrial Realty Trust by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust's stock worth $96,133,000 after acquiring an additional 118,239 shares during the period. Bank of New York Mellon Corp lifted its position in First Industrial Realty Trust by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,321,315 shares of the real estate investment trust's stock valued at $62,776,000 after purchasing an additional 11,522 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in First Industrial Realty Trust by 2.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust's stock valued at $61,632,000 after purchasing an additional 26,353 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FR has been the topic of a number of recent analyst reports. Mizuho lifted their price target on First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, September 5th. Truist Financial boosted their price target on First Industrial Realty Trust from $54.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Wolfe Research raised First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 price target on the stock in a report on Tuesday, August 13th. 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, Scotiabank boosted their price target on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $57.83.

First Industrial Realty Trust Stock Down 1.2 %

FR traded down $0.63 on Friday, reaching $53.45. 708,315 shares of the company traded hands, compared to its average volume of 815,880. 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 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 cap of $7.07 billion, a price-to-earnings ratio of 22.94 and a beta of 1.08. The stock's 50 day moving average price is $54.07 and its 200-day moving average price is $52.32.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly 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 business had revenue of $167.60 million for the quarter, compared to analysts' expectations of $164.01 million. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. First Industrial Realty Trust's revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. On average, sell-side analysts expect that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.77%. First Industrial Realty Trust's payout ratio is 63.52%.

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.