26,091 Shares in First Industrial Realty Trust, Inc. (NYSE:FR) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,091 shares of the real estate investment trust's stock, valued at approximately $1,308,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FR. Versant Capital Management Inc grew its stake in shares of 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 during the period. UMB Bank n.a. grew its stake in 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 acquiring an additional 214 shares during the period. Venturi Wealth Management LLC grew its stake in First Industrial Realty Trust by 200.8% in 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 acquiring an additional 747 shares during the period. Blue Trust Inc. raised its position in shares of 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 worth $62,000 after purchasing 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% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 575 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FR shares. The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $52.00 to $59.00 in a report on Friday, February 21st. KeyCorp raised shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Robert W. Baird increased their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Barclays reiterated a "cautious" rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $58.38.

First Industrial Realty Trust Stock Performance

NYSE:FR traded down $2.31 on Friday, reaching $47.72. 2,146,774 shares of the company's stock were exchanged, compared to its average volume of 1,085,982. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 21.89 and a beta of 1.07. 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 stock has a fifty day simple moving average of $54.93 and a 200-day simple moving average of $53.60. First Industrial Realty Trust, Inc. has a 52 week low of $45.10 and a 52 week high of $58.17.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data 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 net margin of 42.94% and a return on equity of 10.64%. As a group, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be issued a dividend of $0.445 per share. This is a boost 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 dividend on an annualized basis and a yield of 3.73%. First Industrial Realty Trust's dividend payout ratio is 81.65%.

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.