Quest Partners LLC Has $3.03 Million Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Quest Partners LLC increased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 6,160.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,156 shares of the real estate investment trust's stock after purchasing an additional 53,291 shares during the period. Quest Partners LLC's holdings in First Industrial Realty Trust were worth $3,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted 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 valued at $30,000 after acquiring an additional 200 shares during the period. Azzad Asset Management Inc. ADV boosted its holdings in First Industrial Realty Trust by 4.8% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 6,472 shares of the real estate investment trust's stock valued at $307,000 after purchasing an additional 295 shares during the period. Farther Finance Advisors LLC grew its position in shares of 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. Fortem Financial Group LLC increased its holdings in shares of First Industrial Realty Trust by 4.6% during the second quarter. Fortem Financial Group LLC now owns 9,868 shares of the real estate investment trust's stock worth $469,000 after purchasing an additional 438 shares during the period. Finally, UMB Bank n.a. raised its position 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 buying an additional 466 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FR shares. 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 note on Tuesday, August 13th. Mizuho boosted their price target on First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, September 5th. Barclays reduced their price objective 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 note on Monday. Royal Bank of Canada boosted their target price on shares of First Industrial Realty Trust from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group increased their price target on shares of First Industrial Realty Trust from $46.00 to $52.00 and gave the stock a "sell" rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $57.83.

First Industrial Realty Trust Trading Up 0.4 %

Shares of FR stock traded up $0.21 during mid-day trading on Monday, reaching $52.65. 621,881 shares of the stock traded hands, compared to its average volume of 1,091,623. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 22.27 and a beta of 1.08. 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's fifty day simple moving average is $54.61 and its two-hundred day simple moving average is $51.90. First Industrial Realty Trust, Inc. has a 1-year low of $44.35 and a 1-year high of $57.35.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. The firm had revenue of $167.60 million for the quarter, compared to analyst estimates of $164.01 million. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. On average, research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

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

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.