Los Angeles Capital Management LLC Boosts Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Los Angeles Capital Management LLC raised its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 485.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,745 shares of the real estate investment trust's stock after purchasing an additional 27,150 shares during the period. Los Angeles Capital Management LLC's holdings in First Industrial Realty Trust were worth $1,642,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Versant Capital Management Inc boosted 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 valued at $50,000 after purchasing an additional 481 shares in the last quarter. Blue Trust Inc. lifted its position in shares of First Industrial Realty Trust by 201.9% during the third 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. Farther Finance Advisors LLC boosted its holdings in shares of First Industrial Realty Trust by 77.4% in 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 in the last quarter. UMB Bank n.a. grew its position in shares of First Industrial Realty Trust by 24.7% in the 4th 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. Finally, Venturi Wealth Management LLC grew its position in shares of First Industrial Realty Trust by 200.8% in the 4th 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 during the last quarter. Institutional investors own 99.85% of the company's stock.

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Wall Street Analysts Forecast Growth

FR has been the subject of several recent analyst reports. Barclays lowered their price target on First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a report on Monday, November 18th. The Goldman Sachs Group raised First Industrial Realty Trust from a "sell" rating to a "neutral" rating and increased their price target for the stock from $52.00 to $59.00 in a research report on Friday, February 21st. Robert W. Baird lifted their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price target on the stock. Finally, KeyCorp raised First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $58.31.

First Industrial Realty Trust Trading Down 0.1 %

Shares of FR stock traded down $0.06 during trading hours on Tuesday, hitting $56.96. The company had a trading volume of 510,629 shares, compared to its average volume of 1,066,852. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $57.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The company's fifty day moving average is $52.97 and its 200 day moving average is $53.78. The stock has a market capitalization of $7.54 billion, a PE ratio of 26.13 and a beta of 1.09.

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 EPS for the quarter, topping the consensus estimate 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%. Research analysts expect 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 firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.13%. 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 currently 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.