First Industrial Realty Trust, Inc. (NYSE:FR) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 42.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 193,532 shares of the real estate investment trust's stock after buying an additional 58,088 shares during the quarter. Franklin Resources Inc. owned about 0.15% of First Industrial Realty Trust worth $10,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FR. Geode Capital Management LLC raised its position in First Industrial Realty Trust by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust's stock valued at $138,214,000 after purchasing an additional 15,093 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of First Industrial Realty Trust by 3.9% during the third 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. lifted 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 purchasing an additional 148,996 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 valued at $96,133,000 after purchasing an additional 118,239 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in First Industrial Realty Trust by 0.9% during 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 in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

Analyst Upgrades and Downgrades

FR has been the topic of a number of recent analyst reports. Barclays cut their price objective 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. Wells Fargo & Company increased their price target on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Mizuho raised their price objective 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. KeyCorp raised First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Finally, Scotiabank raised 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 investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $57.83.

First Industrial Realty Trust Stock Performance

FR stock traded up $1.13 during trading on Friday, hitting $50.73. 2,773,732 shares of the company's stock traded hands, compared to its average volume of 1,080,176. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 21.77 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 52 week low of $45.10 and a 52 week high of $57.35. The stock has a fifty day moving average price of $53.13 and a two-hundred day moving average price of $52.84. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $167.60 million during the quarter, compared to the consensus estimate of $164.01 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.92%. First Industrial Realty Trust's dividend payout ratio is currently 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.