First Industrial Realty Trust, Inc. (NYSE:FR) Position Increased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 73.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,041 shares of the real estate investment trust's stock after acquiring an additional 14,368 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in First Industrial Realty Trust were worth $1,906,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FR. Allspring Global Investments Holdings LLC grew its holdings in First Industrial Realty Trust by 46.4% during 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 during the period. Azzad Asset Management Inc. ADV increased its holdings in shares of First Industrial Realty Trust by 4.8% in the 2nd 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 lifted its stake 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 valued at $53,000 after purchasing an additional 417 shares during the period. Fortem Financial Group LLC lifted its stake in shares of First Industrial Realty Trust by 4.6% in 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 purchasing an additional 438 shares during the period. Finally, UMB Bank n.a. boosted its holdings 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 worth $49,000 after buying an additional 466 shares in the last quarter. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FR has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 28th. Barclays lowered their price objective on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating on the stock in a research note on Monday, November 18th. Scotiabank increased their price target on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, August 26th. Mizuho lifted their price objective on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, September 5th. Finally, Wolfe Research raised First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 target price on the stock in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $57.83.

First Industrial Realty Trust Trading Down 0.9 %

Shares of FR traded down $0.47 during mid-day trading on Friday, reaching $51.56. The company had a trading volume of 574,370 shares, compared to its average volume of 776,166. The firm has a fifty day simple moving average of $53.72 and a 200-day simple moving average of $52.47. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 22.13 and a beta of 1.07. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $57.35. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The company had revenue of $167.60 million during the quarter, compared to the consensus estimate of $164.01 million. During the same period last year, the firm earned $0.62 earnings per share. The company's revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 63.52%.

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.