Intech Investment Management LLC Increases Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Intech Investment Management LLC lifted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 111.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 51,896 shares of the real estate investment trust's stock after acquiring an additional 27,381 shares during the period. Intech Investment Management LLC's holdings in First Industrial Realty Trust were worth $2,602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kennondale Capital Management LLC bought a new stake in First Industrial Realty Trust during the fourth quarter worth about $600,000. First National Advisers LLC raised its holdings in shares of First Industrial Realty Trust by 8.0% during the 4th quarter. First National Advisers LLC now owns 50,212 shares of the real estate investment trust's stock valued at $2,517,000 after buying an additional 3,730 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in First Industrial Realty Trust by 13.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,511 shares of the real estate investment trust's stock worth $627,000 after buying an additional 1,443 shares during the last quarter. Natixis Advisors LLC boosted its stake in First Industrial Realty Trust by 12.5% in the fourth quarter. Natixis Advisors LLC now owns 28,676 shares of the real estate investment trust's stock worth $1,438,000 after buying an additional 3,179 shares in the last quarter. Finally, Swiss National Bank boosted its stake in First Industrial Realty Trust by 0.7% in the fourth quarter. Swiss National Bank now owns 260,300 shares of the real estate investment trust's stock worth $13,049,000 after buying an additional 1,800 shares in the last quarter. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

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First Industrial Realty Trust Stock Up 1.5 %

Shares of NYSE FR traded up $0.80 during mid-day trading on Monday, hitting $54.31. 978,201 shares of the stock traded hands, compared to its average volume of 1,022,190. The stock has a fifty day moving average price of $54.61 and a 200-day moving average price of $53.78. 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 company has a market cap of $7.19 billion, a price-to-earnings ratio of 24.91 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 $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share 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%. 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 announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be paid a dividend of $0.445 per share. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.28%. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 81.65%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Robert W. Baird boosted their price target on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a "hold" rating and a $52.00 price objective on the stock. Finally, The Goldman Sachs Group raised First Industrial Realty Trust from a "sell" rating to a "neutral" rating and boosted their target price for the company from $52.00 to $59.00 in a research note on Friday, February 21st. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.