First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lowered its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 92.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,900 shares of the real estate investment trust's stock after selling 322,200 shares during the period. National Bank of Canada FI's holdings in First Industrial Realty Trust were worth $1,399,000 as of its most recent SEC filing.

Other large investors have 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 worth $50,000 after purchasing an additional 481 shares during the last quarter. UMB Bank n.a. grew its position in shares of First Industrial Realty Trust by 24.7% during the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 214 shares during the period. Venturi Wealth Management LLC lifted its position 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 valued at $56,000 after purchasing an additional 747 shares in the last quarter. Blue Trust Inc. grew its holdings in First Industrial Realty Trust by 30.7% during the fourth 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 during the period. Finally, Smartleaf Asset Management LLC increased its position in First Industrial Realty Trust by 73.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock worth $68,000 after buying an additional 575 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors.

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First Industrial Realty Trust Stock Performance

Shares of FR stock traded up $0.85 on Monday, hitting $46.49. The company had a trading volume of 45,208 shares, compared to its average volume of 1,105,264. The company has a 50-day moving average price of $53.74 and a 200-day moving average price of $53.03. 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 firm has a market cap of $6.15 billion, a P/E ratio of 21.32 and a beta of 1.07. 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 posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, beating 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, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.83%. 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. First Industrial Realty Trust's dividend payout ratio is presently 81.65%.

Wall Street Analysts Forecast Growth

FR has been the subject of a number of recent research reports. Scotiabank cut 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, April 7th. Barclays reissued a "cautious" rating on shares of First Industrial Realty Trust in a report on Tuesday, March 25th. KeyCorp upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. The Goldman Sachs Group upgraded First Industrial Realty Trust from a "sell" rating to a "neutral" rating and upped their price target for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a "hold" rating and a $52.00 target price for the company. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $57.77.

First Industrial Realty Trust 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.