Landscape Capital Management L.L.C. Has $1.45 Million Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Landscape Capital Management L.L.C. lifted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 105.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,887 shares of the real estate investment trust's stock after purchasing an additional 14,805 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in First Industrial Realty Trust were worth $1,448,000 as of its most recent SEC filing.

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

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Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays reissued a "cautious" rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft assumed coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 target price for the company. The Goldman Sachs Group raised First Industrial Realty Trust from a "sell" rating to a "neutral" rating and boosted their price target for the company from $52.00 to $59.00 in a research note on Friday, February 21st. Scotiabank dropped their price objective on First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating for the company in a research note on Monday. Finally, KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $57.77.

First Industrial Realty Trust Trading Down 3.9 %

NYSE:FR traded down $1.81 during trading hours on Thursday, hitting $44.52. 955,614 shares of the stock were exchanged, compared to its average volume of 1,103,370. The company has a market capitalization of $5.89 billion, a P/E ratio of 20.40 and a beta of 1.07. 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 company's 50 day moving average is $54.07 and its two-hundred day moving average is $53.20. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Monday, March 31st. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's dividend payout ratio is 81.65%.

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.