First Industrial Realty Trust, Inc. (NYSE:FR) Stake Lessened by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. decreased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 58.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,495 shares of the real estate investment trust's stock after selling 18,996 shares during the quarter. Lecap Asset Management Ltd.'s holdings in First Industrial Realty Trust were worth $677,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FR. V Square Quantitative Management LLC purchased a new position in First Industrial Realty Trust during the 3rd quarter valued at about $28,000. UMB Bank n.a. raised its position in shares of First Industrial Realty Trust by 116.2% during the 3rd 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. Versant Capital Management Inc lifted its stake in 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 valued at $50,000 after buying an additional 481 shares in the last quarter. Blue Trust Inc. grew its holdings in First Industrial Realty Trust by 201.9% during the 3rd quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 636 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in First Industrial Realty Trust by 77.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 417 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Stock Up 1.9 %

Shares of NYSE FR traded up $1.04 on Tuesday, hitting $56.04. The company had a trading volume of 1,399,267 shares, compared to its average volume of 1,162,773. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $57.35. The firm has a market capitalization of $7.42 billion, a P/E ratio of 25.71 and a beta of 1.09. The business has a 50 day moving average of $51.65 and a two-hundred day moving average of $53.52.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. As a group, equities research analysts forecast 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 company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be paid a dividend of $0.445 per share. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 3.18%. First Industrial Realty Trust's payout ratio is 67.89%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 target price for the company. KeyCorp raised First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Finally, Barclays reduced their target price on 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $57.38.

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.