First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lowered its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 78.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,527 shares of the real estate investment trust's stock after selling 5,609 shares during the period. Headlands Technologies LLC's holdings in First Industrial Realty Trust were worth $77,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Synovus Financial Corp boosted its stake in shares of First Industrial Realty Trust by 96.3% during the third quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust's stock valued at $1,588,000 after purchasing an additional 13,922 shares during the period. Franklin Resources Inc. lifted its holdings in First Industrial Realty Trust by 42.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust's stock valued at $10,546,000 after buying an additional 58,088 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in First Industrial Realty Trust in the 4th quarter valued at about $1,463,000. JPMorgan Chase & Co. grew 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 worth $187,798,000 after acquiring an additional 747,101 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of First Industrial Realty Trust by 13.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 2,827 shares of the real estate investment trust's stock worth $142,000 after acquiring an additional 331 shares during the period. Hedge funds and other institutional investors own 99.85% of the company's stock.

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Wall Street Analysts Forecast Growth

FR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price target for the company. Scotiabank lowered their target price on First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating for the company in a report on Monday. Robert W. Baird raised their price target 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. The Goldman Sachs Group upgraded First Industrial Realty Trust from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $52.00 to $59.00 in a report on Friday, February 21st. Finally, KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, First Industrial Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $57.77.

First Industrial Realty Trust Stock Up 2.0 %

Shares of First Industrial Realty Trust stock traded up $0.89 on Friday, reaching $45.61. The stock had a trading volume of 1,763,108 shares, compared to its average volume of 1,109,284. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $6.04 billion, a P/E ratio of 20.92 and a beta of 1.07. The company has a 50 day moving average price of $53.74 and a 200 day moving average price of $53.05. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts forecast 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 announced 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 is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Monday, March 31st. First Industrial Realty Trust's dividend payout ratio is currently 81.65%.

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.