First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Presima Securities ULC

Presima Securities ULC trimmed its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 92.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,800 shares of the real estate investment trust's stock after selling 222,308 shares during the quarter. Presima Securities ULC's holdings in First Industrial Realty Trust were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of First Industrial Realty Trust in the 3rd quarter valued at $28,000. UMB Bank n.a. increased its holdings in shares of First Industrial Realty Trust by 116.2% in the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 466 shares during the period. Blue Trust Inc. raised its stake in shares of First Industrial Realty Trust by 201.9% in the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 636 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of First Industrial Realty Trust by 77.4% during the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 417 shares during the period. Finally, Versant Capital Management Inc boosted its position in First Industrial Realty Trust by 92.5% in the fourth 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 last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on FR shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a "hold" rating and a $52.00 price objective for the company. KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. Finally, Barclays cut their price target on First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $57.38.

First Industrial Realty Trust Price Performance

FR traded up $0.29 during trading on Friday, hitting $53.32. The company's stock had a trading volume of 1,168,775 shares, compared to its average volume of 699,773. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 22.88 and a beta of 1.08. First Industrial Realty Trust, Inc. has a twelve month low of $45.10 and a twelve month high of $57.35. The business's fifty day simple moving average is $51.55 and its 200 day simple moving average is $53.32. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Tuesday, December 31st. First Industrial Realty Trust's payout ratio is presently 63.52%.

About First Industrial Realty Trust

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.