Quantbot Technologies LP Sells 25,648 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Quantbot Technologies LP lowered its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 58.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,533 shares of the real estate investment trust's stock after selling 25,648 shares during the quarter. Quantbot Technologies LP's holdings in First Industrial Realty Trust were worth $1,037,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FR. V Square Quantitative Management LLC bought a new position in First Industrial Realty Trust during the 3rd quarter worth $28,000. Allspring Global Investments Holdings LLC increased its position in shares of First Industrial Realty Trust by 46.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 200 shares during the period. UMB Bank n.a. raised its stake in 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 in the last quarter. Blue Trust Inc. lifted its position in First Industrial Realty Trust by 201.9% during 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 period. Finally, Farther Finance Advisors LLC grew its stake in 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 buying an additional 417 shares in the last quarter. Institutional investors own 99.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Scotiabank upped their price objective on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, August 26th. Wolfe Research upgraded 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 report on Tuesday, August 13th. Wells Fargo & Company upped their target price on First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. Mizuho boosted their price target 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. Finally, Truist Financial raised their price objective on shares of First Industrial Realty Trust from $54.00 to $60.00 and gave the company a "buy" rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, First Industrial Realty Trust has an average rating of "Moderate Buy" and a consensus price target of $57.83.

First Industrial Realty Trust Stock Performance

NYSE FR traded down $0.63 during trading hours on Friday, reaching $53.45. 708,315 shares of the company were exchanged, compared to its average volume of 815,880. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $7.07 billion, a P/E ratio of 22.94 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35. The business's 50 day simple moving average is $54.07 and its 200-day simple moving average is $52.29.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $167.60 million for the quarter, compared to analyst estimates of $164.01 million. During the same period in the previous year, the company posted $0.62 earnings per share. The business's revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.77%. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 63.52%.

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.