Segall Bryant & Hamill LLC Purchases 8,973 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Segall Bryant & Hamill LLC raised its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,813 shares of the real estate investment trust's stock after purchasing an additional 8,973 shares during the period. Segall Bryant & Hamill LLC owned 0.24% of First Industrial Realty Trust worth $15,882,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of First Industrial Realty Trust by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust's stock valued at $962,039,000 after purchasing an additional 304,589 shares in the last quarter. JPMorgan Chase & Co. boosted its position in First Industrial Realty Trust by 28.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust's stock valued at $187,798,000 after acquiring an additional 747,101 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of First Industrial Realty Trust by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust's stock worth $138,214,000 after acquiring an additional 15,093 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of First Industrial Realty Trust by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,205,880 shares of the real estate investment trust's stock worth $110,581,000 after acquiring an additional 23,280 shares in the last quarter. Finally, Rush Island Management LP purchased a new position in shares of First Industrial Realty Trust in the 3rd quarter valued at approximately $60,848,000. Hedge funds and other institutional investors own 99.85% of the company's stock.

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First Industrial Realty Trust Stock Down 1.2 %

FR stock traded down $0.65 during midday trading on Friday, hitting $53.60. The company's stock had a trading volume of 839,516 shares, compared to its average volume of 1,070,118. The firm's 50-day moving average is $54.99 and its 200-day moving average is $53.71. 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 12 month low of $45.10 and a 12 month high of $58.17. The company has a market cap of $7.10 billion, a PE ratio of 24.59 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly 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 return on equity of 10.64% and a net margin of 42.94%. On average, equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently declared 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 represents a $1.78 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 81.65%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FR shares. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price target on the stock. KeyCorp raised shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research report on Tuesday, December 17th. The Goldman Sachs Group raised shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and lifted their price target for the company from $52.00 to $59.00 in a research report on Friday, February 21st. Robert W. Baird upped their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Finally, Barclays reaffirmed a "cautious" rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $58.38.

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.