Geode Capital Management LLC Has $138.21 Million Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Geode Capital Management LLC grew its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,468,395 shares of the real estate investment trust's stock after purchasing an additional 15,093 shares during the period. Geode Capital Management LLC owned about 1.87% of First Industrial Realty Trust worth $138,214,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FR. Envestnet Portfolio Solutions Inc. boosted its stake in shares of First Industrial Realty Trust by 27.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,211 shares of the real estate investment trust's stock worth $485,000 after acquiring an additional 2,182 shares in the last quarter. Raymond James & Associates boosted its stake in shares of First Industrial Realty Trust by 8.1% during the 2nd quarter. Raymond James & Associates now owns 25,863 shares of the real estate investment trust's stock worth $1,229,000 after acquiring an additional 1,946 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of First Industrial Realty Trust by 8.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 6,607 shares of the real estate investment trust's stock worth $314,000 after acquiring an additional 517 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth about $205,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 worth $62,776,000 after acquiring an additional 11,522 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

Shares of FR stock traded down $0.44 during mid-day trading on Tuesday, reaching $52.01. The stock had a trading volume of 863,394 shares, compared to its average volume of 1,069,531. The firm's 50 day simple moving average is $53.41 and its 200 day simple moving average is $52.73. 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, Inc. has a one year low of $45.10 and a one year high of $57.35. The firm has a market cap of $6.88 billion, a PE ratio of 22.50 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. First Industrial Realty Trust's quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts forecast that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.85%. First Industrial Realty Trust's payout ratio is presently 63.52%.

Wall Street Analysts Forecast Growth

FR has been the subject of several recent analyst reports. Mizuho increased their target price 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 upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday. Scotiabank increased their target price on First Industrial Realty Trust from $55.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, August 26th. Barclays decreased their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a research note on Monday, November 18th. Finally, Wells Fargo & Company increased their target price on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of "Hold" and an average price target of $57.83.

First Industrial Realty Trust Company 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.