Great Lakes Advisors LLC Has $2.45 Million Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Great Lakes Advisors LLC boosted its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 23.7% in the 4th quarter, according to its most recent 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 period. Great Lakes Advisors LLC's holdings in First Industrial Realty Trust were worth $2,451,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in First Industrial Realty Trust by 28.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust's stock valued at $187,798,000 after purchasing an additional 747,101 shares during the last quarter. Geode Capital Management LLC raised its holdings in First Industrial Realty Trust by 0.6% in the 3rd 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 acquiring an additional 15,093 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in First Industrial Realty Trust by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,205,880 shares of the real estate investment trust's stock valued at $110,581,000 after acquiring an additional 23,280 shares during the period. Rush Island Management LP bought a new position in First Industrial Realty Trust in the 3rd quarter valued at about $60,848,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in First Industrial Realty Trust by 290.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust's stock valued at $50,105,000 after acquiring an additional 665,920 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

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First Industrial Realty Trust Price Performance

NYSE:FR traded down $0.23 during mid-day trading on Tuesday, reaching $55.35. The stock had a trading volume of 109,168 shares, compared to its average volume of 1,017,761. The stock has a 50-day simple moving average of $54.17 and a two-hundred day simple moving average of $53.84. The stock has a market capitalization of $7.33 billion, a PE ratio of 25.45 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. First Industrial Realty Trust, Inc. has a 12 month low of $45.10 and a 12 month high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.22%. This is a boost 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 81.65%.

Analysts Set New Price Targets

FR has been the topic of several research analyst reports. Barclays lowered their price target 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 shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and increased their price target for the company from $52.00 to $59.00 in a report on Friday, February 21st. KeyCorp raised shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price target on the stock. Finally, Robert W. Baird raised their target price on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $58.31.

About First Industrial Realty Trust

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.