Sovran Advisors LLC Buys Shares of 12,635 First Industrial Realty Trust, Inc. (NYSE:FR)

Sovran Advisors LLC bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,635 shares of the real estate investment trust's stock, valued at approximately $631,000.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of First Industrial Realty Trust during the 3rd quarter worth about $28,000. UMB Bank n.a. boosted its position in First Industrial Realty Trust by 116.2% during 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 during the last quarter. Blue Trust Inc. increased its holdings 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 buying an additional 636 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of First Industrial Realty Trust by 77.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 417 shares during the period. Finally, Versant Capital Management Inc grew its holdings in First Industrial Realty Trust by 92.5% during the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 481 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

Analyst Upgrades and Downgrades

FR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a "hold" rating and a $52.00 price target for the company. KeyCorp raised shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Finally, Barclays cut their price objective 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of "Hold" and an average price target of $57.38.

First Industrial Realty Trust Stock Performance

NYSE:FR traded down $0.25 during trading hours on Friday, reaching $55.60. The stock had a trading volume of 504,266 shares, compared to its average volume of 1,183,749. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $57.35. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. The stock has a 50 day simple moving average of $51.93 and a 200 day simple moving average of $53.56. The stock has a market cap of $7.36 billion, a P/E ratio of 25.51 and a beta of 1.09.

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 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. On average, research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.20%. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. First Industrial Realty Trust's payout ratio is presently 67.89%.

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.