Segall Bryant & Hamill LLC Buys 13,744 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Segall Bryant & Hamill LLC lifted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 4.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 307,840 shares of the real estate investment trust's stock after purchasing an additional 13,744 shares during the period. Segall Bryant & Hamill LLC owned 0.23% of First Industrial Realty Trust worth $17,233,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Manning & Napier Advisors LLC bought a new position in First Industrial Realty Trust in the second quarter valued at about $2,824,000. DekaBank Deutsche Girozentrale raised its stake in shares of First Industrial Realty Trust by 32.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 89,195 shares of the real estate investment trust's stock worth $4,567,000 after buying an additional 21,767 shares during the last quarter. Tidal Investments LLC boosted its stake in First Industrial Realty Trust by 29.6% in the first quarter. Tidal Investments LLC now owns 53,015 shares of the real estate investment trust's stock valued at $2,785,000 after acquiring an additional 12,097 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in First Industrial Realty Trust by 17.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 531,900 shares of the real estate investment trust's stock worth $25,271,000 after acquiring an additional 79,515 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of First Industrial Realty Trust by 2.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust's stock valued at $61,632,000 after acquiring an additional 26,353 shares during the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Down 0.4 %

FR stock opened at $52.77 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $6.98 billion, a P/E ratio of 22.65 and a beta of 1.08. First Industrial Realty Trust, Inc. has a fifty-two week low of $44.66 and a fifty-two week high of $57.35. The business has a 50-day moving average of $54.46 and a 200-day moving average of $51.98.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly 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 during the quarter, compared to the consensus estimate of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The business's revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS. On average, sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio (DPR) is currently 63.52%.

Analysts Set New Price Targets

FR has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on First Industrial Realty Trust from $46.00 to $52.00 and gave the company a "sell" rating in a report on Friday, July 26th. Royal Bank of Canada lifted their price objective on shares of First Industrial Realty Trust from $57.00 to $60.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 30th. Barclays lowered their target price 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 note on Monday. Scotiabank lifted their price target 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. Finally, Truist Financial upped 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 research report on Monday, August 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $57.83.

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.