First Industrial Realty Trust, Inc. (NYSE:FR) Shares Acquired by Fmr LLC

FMR LLC lifted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 6.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 326,754 shares of the real estate investment trust's stock after buying an additional 18,958 shares during the quarter. FMR LLC owned approximately 0.25% of First Industrial Realty Trust worth $18,292,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 buying an additional 81,826 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of First Industrial Realty Trust by 7.3% in the second quarter. Victory Capital Management Inc. now owns 2,177,761 shares of the real estate investment trust's stock valued at $103,465,000 after acquiring an additional 148,996 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of First Industrial Realty Trust by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust's stock worth $96,133,000 after buying an additional 118,239 shares during the period. Bank of New York Mellon Corp increased its stake in shares of First Industrial Realty Trust by 0.9% during the second 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 buying an additional 11,522 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of First Industrial Realty Trust by 2.1% in 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 in the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Down 0.4 %

Shares of First Industrial Realty Trust stock traded down $0.23 during trading hours on Wednesday, reaching $52.05. 592,920 shares of the company were exchanged, compared to its average volume of 1,073,805. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35. The firm has a market cap of $6.89 billion, a PE ratio of 22.42 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. The stock's fifty day moving average is $53.60 and its 200 day moving average is $52.56.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The business had revenue of $167.60 million during the quarter, compared to analysts' expectations of $164.01 million. During the same period in the prior year, the firm posted $0.62 EPS. The business's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors 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 2.84%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio is presently 63.52%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FR. Scotiabank boosted their price objective on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, August 26th. Wolfe Research raised shares of 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 research note on Tuesday, August 13th. Mizuho increased their price objective on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, September 5th. Barclays reduced their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a research report on Monday, November 18th. Finally, Wells Fargo & Company lifted their price objective on First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.83.

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.