UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 665,920 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 290.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 895,046 shares of the real estate investment trust's stock after buying an additional 665,920 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.68% of First Industrial Realty Trust worth $50,105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new stake in First Industrial Realty Trust in the 1st quarter worth approximately $220,000. Kingswood Wealth Advisors LLC raised its stake in shares of First Industrial Realty Trust by 75.0% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 17,498 shares of the real estate investment trust's stock worth $831,000 after purchasing an additional 7,500 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of First Industrial Realty Trust during the 2nd quarter valued at about $2,824,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of First Industrial Realty Trust by 27.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,211 shares of the real estate investment trust's stock valued at $485,000 after buying an additional 2,182 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of First Industrial Realty Trust by 2.1% in 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 buying an additional 26,353 shares in the last quarter. Hedge funds and other institutional investors own 99.85% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FR. Mizuho lifted their target price on shares of 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. Wells Fargo & Company increased their target price on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Scotiabank boosted their price target on 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 raised 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 report on Tuesday, August 13th. Finally, Barclays decreased their target price on 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 investment 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $57.83.

First Industrial Realty Trust Stock Performance

NYSE:FR traded down $0.48 during trading hours on Wednesday, hitting $52.28. 321,544 shares of the company traded hands, compared to its average volume of 1,076,449. 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, Inc. has a twelve month low of $45.10 and a twelve month high of $57.35. The firm has a 50-day moving average of $53.95 and a 200 day moving average of $52.38. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 22.64 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS 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 business had revenue of $167.60 million during the quarter, compared to analyst estimates of $164.01 million. During the same quarter in the prior year, the business earned $0.62 earnings per share. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts forecast that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current year.

First Industrial Realty Trust Announces Dividend

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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio is presently 63.52%.

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.