Vanderbilt University Purchases Shares of 57,504 First Industrial Realty Trust, Inc. (NYSE:FR)

Vanderbilt University bought a new position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 57,504 shares of the real estate investment trust's stock, valued at approximately $3,219,000.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on FR. Barclays boosted their price target on shares of First Industrial Realty Trust from $52.00 to $56.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. The Goldman Sachs Group raised their price target on First Industrial Realty Trust from $46.00 to $52.00 and gave the stock a "sell" rating in a research note on Friday, July 26th. Scotiabank increased their price objective on First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, August 26th. Mizuho lifted their target price on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, September 5th. Finally, Wells Fargo & Company boosted their target price on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.92.

First Industrial Realty Trust Stock Performance

Shares of NYSE FR traded down $0.04 during trading hours on Monday, hitting $53.57. 908,687 shares of the company's stock were exchanged, compared to its average volume of 1,109,143. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 24.53 and a beta of 1.08. The company's 50-day moving average price is $55.52 and its 200-day moving average price is $51.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.16. First Industrial Realty Trust, Inc. has a 1-year low of $40.58 and a 1-year high of $57.35.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted 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 11.53% and a net margin of 47.34%. First Industrial Realty Trust's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. On average, sell-side analysts expect that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, September 30th were paid a dividend of $0.37 per share. The ex-dividend date was Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 2.76%. First Industrial Realty Trust's dividend payout ratio is currently 68.20%.

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.