Great Lakes Advisors LLC Buys 9,379 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Great Lakes Advisors LLC grew its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 23.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,901 shares of the real estate investment trust's stock after purchasing an additional 9,379 shares during the quarter. Great Lakes Advisors LLC's holdings in First Industrial Realty Trust were worth $2,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in First Industrial Realty Trust by 92.5% in the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 481 shares in the last quarter. UMB Bank n.a. increased its stake in shares of First Industrial Realty Trust by 24.7% in the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 214 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of First Industrial Realty Trust by 200.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 747 shares during the period. Blue Trust Inc. boosted its stake in First Industrial Realty Trust by 30.7% during the fourth quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 292 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in First Industrial Realty Trust by 73.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 575 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

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First Industrial Realty Trust Stock Down 0.7 %

FR traded down $0.37 during mid-day trading on Tuesday, reaching $55.21. 1,336,229 shares of the stock were exchanged, compared to its average volume of 1,021,169. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $58.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. The stock has a market capitalization of $7.31 billion, a PE ratio of 25.32 and a beta of 1.07. The company has a 50 day moving average price of $54.28 and a two-hundred day moving average price of $53.83.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. As a group, research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 81.65%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FR shares. Barclays dropped 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. The Goldman Sachs Group raised First Industrial Realty Trust from a "sell" rating to a "neutral" rating and upped their price target for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. Robert W. Baird raised their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. KeyCorp raised First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $58.31.

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.