Vanderbilt University Increases Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Vanderbilt University increased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 80.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,849 shares of the real estate investment trust's stock after buying an additional 46,345 shares during the period. First Industrial Realty Trust comprises 1.0% of Vanderbilt University's investment portfolio, making the stock its 16th largest holding. Vanderbilt University owned approximately 0.08% of First Industrial Realty Trust worth $5,206,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of First Industrial Realty Trust by 24.7% during the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust's stock worth $54,000 after buying an additional 214 shares during the period. Stifel Financial Corp increased its position in shares of First Industrial Realty Trust by 1.1% in the 3rd quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust's stock valued at $1,450,000 after purchasing an additional 278 shares during the last quarter. Fortem Financial Group LLC increased its position in shares of First Industrial Realty Trust by 2.9% in the 4th quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust's stock valued at $517,000 after purchasing an additional 292 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of First Industrial Realty Trust by 30.7% in the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 292 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of First Industrial Realty Trust by 13.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,827 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 331 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

FR traded down $0.28 on Friday, hitting $54.87. 1,341,424 shares of the company traded hands, 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 50 day moving average of $51.61 and a 200-day moving average of $53.50. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $7.26 billion, a PE ratio of 25.17 and a beta of 1.09.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the consensus estimate 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%. Sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be issued a dividend of $0.445 per share. This is a boost from First Industrial Realty Trust's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 3.24%. The ex-dividend date is Monday, March 31st. First Industrial Realty Trust's dividend payout ratio is currently 81.65%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FR. Barclays cut their price target on 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, November 18th. Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a "hold" rating and a $52.00 target price on the stock. Finally, KeyCorp raised First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of "Hold" and an average price target of $57.38.

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.