Point72 Asset Management L.P. Buys Shares of 36,265 First Industrial Realty Trust, Inc. (NYSE:FR)

Point72 Asset Management L.P. purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 36,265 shares of the real estate investment trust's stock, valued at approximately $2,030,000.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in First Industrial Realty Trust by 290.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust's stock worth $50,105,000 after purchasing an additional 665,920 shares during the period. Land & Buildings Investment Management LLC boosted its position in shares of 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 purchasing an additional 581,472 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of First Industrial Realty Trust during the 2nd quarter worth $23,755,000. Bank of Montreal Can increased its holdings in shares of First Industrial Realty Trust by 442.8% in the 2nd 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, National Bank of Canada FI lifted its stake in shares of First Industrial Realty Trust by 84.4% in the second quarter. National Bank of Canada FI now owns 876,000 shares of the real estate investment trust's stock valued at $41,286,000 after purchasing an additional 401,000 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

First Industrial Realty Trust Stock Down 0.2 %

NYSE FR traded down $0.11 during trading hours on Tuesday, reaching $52.67. 352,792 shares of the company traded hands, compared to its average volume of 1,072,785. The stock has a market capitalization of $6.97 billion, a PE ratio of 22.66 and a beta of 1.07. The company has a current ratio of 1.11, a quick 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 50 day moving average of $53.65 and a two-hundred day moving average of $52.51.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly 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. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The business had revenue of $167.60 million during the quarter, compared to the consensus estimate of $164.01 million. During the same period last year, the firm earned $0.62 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts expect that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.81%. First Industrial Realty Trust's payout ratio is 63.52%.

Analysts Set New Price Targets

FR has been the topic of a number of research reports. Wolfe Research upgraded 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 report on Tuesday, August 13th. Wells Fargo & Company increased their price objective on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 28th. Mizuho increased their price target on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, September 5th. Barclays dropped their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a research note on Monday, November 18th. Finally, Scotiabank lifted their price target on First Industrial Realty Trust from $55.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $57.83.

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.