Lecap Asset Management Ltd. Has $1.82 Million Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Lecap Asset Management Ltd. grew its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 305.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,491 shares of the real estate investment trust's stock after purchasing an additional 24,483 shares during the quarter. Lecap Asset Management Ltd.'s holdings in First Industrial Realty Trust were worth $1,819,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FR. Land & Buildings Investment Management LLC lifted its stake in shares of First Industrial Realty Trust by 256.4% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 808,212 shares of the real estate investment trust's stock valued at $38,398,000 after purchasing an additional 581,472 shares during the period. Russell Investments Group Ltd. raised its stake in First Industrial Realty Trust by 328.4% during the 1st quarter. Russell Investments Group Ltd. now owns 750,189 shares of the real estate investment trust's stock worth $39,413,000 after buying an additional 575,057 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in First Industrial Realty Trust during the 2nd quarter worth $23,755,000. Bank of Montreal Can raised its stake in First Industrial Realty Trust by 442.8% during the 2nd quarter. Bank of Montreal Can now owns 559,132 shares of the real estate investment trust's stock worth $26,570,000 after buying an additional 456,124 shares during the period. Finally, BROOKFIELD Corp ON raised its stake in First Industrial Realty Trust by 479.8% during the 1st quarter. BROOKFIELD Corp ON now owns 486,178 shares of the real estate investment trust's stock worth $25,544,000 after buying an additional 402,331 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on FR shares. Scotiabank raised their price objective on First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. JPMorgan Chase & Co. raised their price objective on First Industrial Realty Trust from $53.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Wolfe Research raised First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective on the stock in a research note on Tuesday, August 13th. Barclays increased their target price on First Industrial Realty Trust from $52.00 to $56.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Finally, Mizuho increased their target price on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $57.92.

First Industrial Realty Trust Stock Up 0.4 %

Shares of NYSE FR traded up $0.22 during mid-day trading on Wednesday, hitting $55.22. The company had a trading volume of 1,488,097 shares, compared to its average volume of 1,108,182. The company has a market capitalization of $7.31 billion, a PE ratio of 25.35 and a beta of 1.08. The firm has a 50-day simple moving average of $55.50 and a two-hundred day simple moving average of $51.28. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. First Industrial Realty Trust, Inc. has a one year low of $40.44 and a one year high of $57.35.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The company had revenue of $167.60 million during the quarter, compared to analysts' expectations of $164.01 million. First Industrial Realty Trust had a return on equity of 10.72% and a net margin of 44.46%. First Industrial Realty Trust's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. On average, equities analysts expect that First Industrial Realty Trust, Inc. will post 2.62 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were paid a $0.37 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.48 annualized dividend and a yield of 2.68%. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 68.20%.

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.