First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 9.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,187,480 shares of the real estate investment trust's stock after selling 117,429 shares during the period. Janus Henderson Group PLC owned about 0.90% of First Industrial Realty Trust worth $66,447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new position in First Industrial Realty Trust during the 2nd quarter valued at about $2,824,000. D. E. Shaw & Co. Inc. grew its stake in shares of First Industrial Realty Trust by 17.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 531,900 shares of the real estate investment trust's stock worth $25,271,000 after acquiring an additional 79,515 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in First Industrial Realty Trust by 2.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust's stock valued at $61,632,000 after purchasing an additional 26,353 shares in the last quarter. United Services Automobile Association bought a new stake in shares of First Industrial Realty Trust during the second quarter valued at approximately $507,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of First Industrial Realty Trust by 2,886.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 18,843 shares of the real estate investment trust's stock worth $1,055,000 after purchasing an additional 18,212 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Down 0.9 %

First Industrial Realty Trust stock traded down $0.48 during mid-day trading on Friday, reaching $51.55. 574,370 shares of the company were exchanged, compared to its average volume of 1,076,400. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $57.35. The business has a fifty day moving average of $53.81 and a 200 day moving average of $52.38. The firm has a market cap of $6.82 billion, a P/E ratio of 22.12 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $167.60 million during 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%. First Industrial Realty Trust's revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS. Research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 earnings per share 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 of this dividend is Tuesday, December 31st. First Industrial Realty Trust's payout ratio is 63.52%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FR shares. Mizuho increased their price objective on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, September 5th. Scotiabank lifted their target price on First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, August 26th. Barclays reduced their target price 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. 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. Finally, Wells Fargo & Company boosted their price objective on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, First Industrial Realty Trust has an average rating of "Moderate Buy" and an average target price of $57.83.

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.