First Industrial Realty Trust, Inc. (NYSE:FR) Shares Purchased by Invesco Ltd.

Invesco Ltd. grew its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 80.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,276,906 shares of the real estate investment trust's stock after acquiring an additional 1,903,164 shares during the quarter. Invesco Ltd. owned 3.23% of First Industrial Realty Trust worth $214,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Howard Capital Management Group LLC purchased a new stake in First Industrial Realty Trust during the third quarter valued at $206,000. Stifel Financial Corp raised its position in shares of First Industrial Realty Trust by 1.1% during the 3rd quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust's stock valued at $1,450,000 after buying an additional 278 shares in the last quarter. Jane Street Group LLC grew its position in First Industrial Realty Trust by 44.2% in the third quarter. Jane Street Group LLC now owns 124,737 shares of the real estate investment trust's stock worth $6,983,000 after acquiring an additional 38,228 shares in the last quarter. MML Investors Services LLC increased its stake in First Industrial Realty Trust by 9.4% during the third quarter. MML Investors Services LLC now owns 37,523 shares of the real estate investment trust's stock worth $2,101,000 after acquiring an additional 3,229 shares during the last quarter. Finally, Barclays PLC raised its position in First Industrial Realty Trust by 34.6% during the third quarter. Barclays PLC now owns 131,111 shares of the real estate investment trust's stock valued at $7,341,000 after purchasing an additional 33,702 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays reissued a "cautious" rating on shares of First Industrial Realty Trust in a research report on Tuesday, March 25th. Robert W. Baird increased their target price on shares of 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. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a "hold" rating and a $52.00 target price for the company. The Goldman Sachs Group upgraded First Industrial Realty Trust from a "sell" rating to a "neutral" rating and increased their price target for the stock from $52.00 to $59.00 in a report on Friday, February 21st. Finally, KeyCorp raised First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. One equities 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $57.77.

First Industrial Realty Trust Stock Up 0.2 %

NYSE:FR traded up $0.11 during mid-day trading on Tuesday, reaching $46.58. The company's stock had a trading volume of 2,045,314 shares, compared to its average volume of 1,114,684. 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 firm has a market capitalization of $6.17 billion, a PE ratio of 21.36 and a beta of 1.07. The stock has a fifty day moving average of $53.59 and a 200-day moving average of $52.97. 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 issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a yield of 3.82%. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 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.