JPMorgan Chase & Co. Has $119.16 Million Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

JPMorgan Chase & Co. cut its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 29.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,376,974 shares of the real estate investment trust's stock after selling 977,754 shares during the quarter. JPMorgan Chase & Co. owned 1.80% of First Industrial Realty Trust worth $119,158,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of First Industrial Realty Trust by 92.5% in the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 481 shares in the last quarter. UMB Bank n.a. grew its position in First Industrial Realty Trust by 24.7% in the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock worth $54,000 after buying an additional 214 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of First Industrial Realty Trust by 200.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 747 shares in the last quarter. Blue Trust Inc. lifted its position in shares of First Industrial Realty Trust by 30.7% during the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 292 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of First Industrial Realty Trust by 73.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock worth $68,000 after acquiring an additional 575 shares in the last quarter. Institutional investors own 99.85% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. KeyCorp raised First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Barclays reaffirmed a "cautious" rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 target price on the stock. Scotiabank reduced their price target on shares of First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating for the company in a research report on Monday. Finally, Robert W. Baird lifted their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, First Industrial Realty Trust currently has an average rating of "Hold" and an average price target of $57.77.

First Industrial Realty Trust Stock Down 5.1 %

NYSE:FR traded down $2.42 during mid-day trading on Monday, reaching $45.26. The stock had a trading volume of 2,664,684 shares, compared to its average volume of 1,094,564. The stock has a market cap of $5.99 billion, a P/E ratio of 20.76 and a beta of 1.07. The business's 50 day moving average is $54.77 and its 200 day moving average is $53.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. First Industrial Realty Trust, Inc. has a fifty-two week low of $44.01 and a fifty-two week high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be paid a $0.445 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.93%. First Industrial Realty Trust's payout ratio 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.