NFJ Investment Group LLC Buys New Shares in First Industrial Realty Trust, Inc. (NYSE:FR)

NFJ Investment Group LLC purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 138,940 shares of the real estate investment trust's stock, valued at approximately $7,778,000. NFJ Investment Group LLC owned 0.10% of First Industrial Realty Trust at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in First Industrial Realty Trust by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust's stock worth $122,182,000 after purchasing an additional 81,826 shares during the period. Victory Capital Management Inc. increased its holdings in shares of First Industrial Realty Trust by 7.3% in the 2nd quarter. Victory Capital Management Inc. now owns 2,177,761 shares of the real estate investment trust's stock valued at $103,465,000 after acquiring an additional 148,996 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of First Industrial Realty Trust by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust's stock valued at $96,133,000 after acquiring an additional 118,239 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of First Industrial Realty Trust by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,321,315 shares of the real estate investment trust's stock valued at $62,776,000 after acquiring an additional 11,522 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of First Industrial Realty Trust by 2.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust's stock valued at $61,632,000 after acquiring an additional 26,353 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

Analyst Ratings Changes

FR has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Scotiabank lifted their price target on First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, August 26th. Wolfe Research raised First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 price target on the stock in a research report on Tuesday, August 13th. Mizuho lifted their price target on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, September 5th. Finally, Barclays lowered 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 note on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.83.

First Industrial Realty Trust Price Performance

Shares of First Industrial Realty Trust stock traded down $0.53 during trading on Wednesday, reaching $52.23. The company's stock had a trading volume of 281,204 shares, compared to its average volume of 1,076,239. The company has a quick ratio of 1.11, a current ratio of 1.11 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 company has a market capitalization of $6.91 billion, a P/E ratio of 22.64 and a beta of 1.07. The business has a 50 day moving average price of $53.95 and a 200-day moving average price of $52.38.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. The company had revenue of $167.60 million for the quarter, compared to the consensus estimate of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. First Industrial Realty Trust's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. As a group, sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.83%. First Industrial Realty Trust's dividend payout ratio (DPR) is 63.52%.

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.