Intech Investment Management LLC Has $1.37 Million Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Intech Investment Management LLC lowered its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 39.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,515 shares of the real estate investment trust's stock after selling 15,930 shares during the period. Intech Investment Management LLC's holdings in First Industrial Realty Trust were worth $1,372,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its position in shares of First Industrial Realty Trust by 46.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its holdings in shares of First Industrial Realty Trust by 4.8% in the second quarter. Azzad Asset Management Inc. ADV now owns 6,472 shares of the real estate investment trust's stock valued at $307,000 after purchasing an additional 295 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of First Industrial Realty Trust by 77.4% in the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock worth $53,000 after buying an additional 417 shares during the period. Fortem Financial Group LLC grew its holdings in shares of First Industrial Realty Trust by 4.6% during the second quarter. Fortem Financial Group LLC now owns 9,868 shares of the real estate investment trust's stock valued at $469,000 after buying an additional 438 shares in the last quarter. Finally, UMB Bank n.a. raised its position in First Industrial Realty Trust by 116.2% during the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust's stock valued at $49,000 after buying an additional 466 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on FR shares. Truist Financial lifted their target price on First Industrial Realty Trust from $54.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price objective on shares of First Industrial Realty Trust from $53.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. Mizuho lifted their target price on shares of 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. Wolfe Research raised shares of First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 price target on the stock in a research note on Tuesday, August 13th. Finally, Barclays reduced their price objective on First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four 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 an average rating of "Moderate Buy" and a consensus price target of $57.83.

First Industrial Realty Trust Stock Down 1.1 %

Shares of FR stock opened at $53.85 on Wednesday. The stock's 50 day simple moving average is $54.20 and its 200 day simple moving average is $52.19. First Industrial Realty Trust, Inc. has a twelve month low of $45.02 and a twelve month high of $57.35. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 23.11 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. The company had revenue of $167.60 million for the quarter, compared to analyst estimates of $164.01 million. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share. As a group, research analysts predict that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio is currently 63.52%.

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.