MetLife Investment Management LLC Buys 6,077 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

MetLife Investment Management LLC raised its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,487 shares of the real estate investment trust's stock after acquiring an additional 6,077 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of First Industrial Realty Trust worth $3,935,000 as of its most recent filing with the SEC.

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

First Industrial Realty Trust Trading Down 0.3 %

Shares of FR stock traded down $0.16 on Tuesday, reaching $47.59. The company had a trading volume of 778,202 shares, compared to its average volume of 1,120,598. The company has a 50-day moving average of $51.90 and a 200-day moving average of $52.43. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17. The stock has a market cap of $6.30 billion, a PE ratio of 21.83 and a beta of 1.07. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.02). First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. The firm had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. On average, equities analysts forecast 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 declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, March 31st were given a dividend of $0.445 per share. The ex-dividend date was Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.74%. This is a positive change from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 88.12%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FR shares. The Goldman Sachs Group lowered their target price on First Industrial Realty Trust from $59.00 to $51.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their target price on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Monday. Scotiabank decreased their price target on shares of First Industrial Realty Trust from $58.00 to $50.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. Robert W. Baird boosted 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. Finally, Royal Bank of Canada decreased their price objective on First Industrial Realty Trust from $62.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $57.42.

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.