JPMorgan Chase & Co. Has $187.80 Million Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

JPMorgan Chase & Co. lifted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 28.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,354,728 shares of the real estate investment trust's stock after buying an additional 747,101 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.53% of First Industrial Realty Trust worth $187,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in FR. V Square Quantitative Management LLC bought a new position in First Industrial Realty Trust during the 3rd quarter worth approximately $28,000. Allspring Global Investments Holdings LLC raised its position in shares of First Industrial Realty Trust by 46.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. UMB Bank n.a. lifted its stake 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 purchasing an additional 466 shares during the last quarter. Blue Trust Inc. boosted its holdings in First Industrial Realty Trust by 201.9% in the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 636 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in First Industrial Realty Trust by 77.4% during 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 last quarter. Institutional investors own 99.85% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FR shares. Barclays reduced their price target 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 report on Monday, November 18th. KeyCorp raised shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Finally, Mizuho upped their target price on First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $57.83.

First Industrial Realty Trust Stock Performance

FR stock traded up $0.05 during trading on Wednesday, reaching $50.13. 979,669 shares of the company's stock were exchanged, compared to its average volume of 1,076,866. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $57.35. The company's fifty day moving average price is $52.40 and its 200-day moving average price is $52.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm has a market cap of $6.63 billion, a PE ratio of 21.52 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its earnings results 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 for the quarter, compared to analysts' expectations 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 quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $0.62 EPS. On average, research analysts expect that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.95%. First Industrial Realty Trust's dividend payout ratio (DPR) is 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.