Proficio Capital Partners LLC Makes New Investment in First Industrial Realty Trust, Inc. (NYSE:FR)

Proficio Capital Partners LLC acquired a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 29,176 shares of the real estate investment trust's stock, valued at approximately $1,463,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FR. Creative Planning acquired a new stake in shares of First Industrial Realty Trust during the third quarter worth $258,000. Howard Capital Management Group LLC purchased a new position in First Industrial Realty Trust during the 3rd quarter worth $206,000. Farther Finance Advisors LLC lifted its stake in shares of First Industrial Realty Trust by 77.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 417 shares during the period. Van ECK Associates Corp boosted its holdings in shares of First Industrial Realty Trust by 12.2% in the third quarter. Van ECK Associates Corp now owns 52,170 shares of the real estate investment trust's stock valued at $2,881,000 after acquiring an additional 5,668 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in First Industrial Realty Trust by 7.2% during the third quarter. QRG Capital Management Inc. now owns 12,329 shares of the real estate investment trust's stock worth $690,000 after purchasing an additional 828 shares in the last quarter. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Price Performance

Shares of NYSE FR traded down $1.68 during trading on Monday, reaching $55.82. The company had a trading volume of 1,525,905 shares, compared to its average volume of 1,153,596. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a twelve month low of $45.10 and a twelve month high of $58.17. The stock has a 50-day moving average price of $53.51 and a two-hundred day moving average price of $53.87. The stock has a market capitalization of $7.39 billion, a PE ratio of 25.61 and a beta of 1.07.

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First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. As a group, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a dividend of $0.445 per share. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. This represents a $1.78 annualized dividend and a dividend yield of 3.19%. First Industrial Realty Trust's dividend payout ratio (DPR) is 81.65%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on FR shares. Robert W. Baird increased their target price on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 target price for the company. The Goldman Sachs Group raised shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and upped their price target for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Finally, Barclays lowered their target price on shares of 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. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $58.31.

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.