Quantinno Capital Management LP grew its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 55.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,686 shares of the real estate investment trust's stock after acquiring an additional 20,473 shares during the quarter. Quantinno Capital Management LP's holdings in First Industrial Realty Trust were worth $3,229,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $28,000. Allspring Global Investments Holdings LLC increased its position in First Industrial Realty Trust by 46.4% during the 2nd 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 in the last quarter. UMB Bank n.a. increased its position in First Industrial Realty Trust by 116.2% during the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 466 shares in the last quarter. Blue Trust Inc. increased its position in First Industrial Realty Trust by 201.9% during the 3rd 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 in the last quarter. Finally, Farther Finance Advisors LLC increased its position in First Industrial Realty Trust by 77.4% during the 3rd 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 in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
FR has been the subject of a number of research analyst reports. 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 shares of First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 price target for the company in a research report on Tuesday, August 13th. Mizuho upped 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 decreased their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating for the company in a research report on Monday, November 18th. Finally, Wells Fargo & Company upped their price target on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the company 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 assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.83.
Get Our Latest Report on First Industrial Realty Trust
First Industrial Realty Trust Stock Down 0.3 %
NYSE FR traded down $0.16 on Tuesday, hitting $52.62. 384,258 shares of the company were exchanged, compared to its average volume of 1,072,923. The company has a market cap of $6.96 billion, a PE ratio of 22.66 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 12 month low of $45.10 and a 12 month high of $57.35. The stock has a fifty day moving average of $53.65 and a 200-day moving average of $52.51. 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 (NYSE:FR - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The firm had revenue of $167.60 million for the quarter, compared to analyst estimates of $164.01 million. During the same period last year, the firm earned $0.62 earnings per share. The business's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, analysts forecast 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 2.81%. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 63.52%.
About First Industrial Realty Trust
(
Free Report)
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.
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![Institutional Ownership by Quarter for First Industrial Realty Trust (NYSE:FR)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=FR)
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