First Industrial Realty Trust, Inc. (NYSE:FR) Holdings Lifted by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,190,885 shares of the real estate investment trust's stock after purchasing an additional 304,589 shares during the period. Vanguard Group Inc. owned 14.50% of First Industrial Realty Trust worth $962,039,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in FR. CIBC Asset Management Inc boosted its holdings in shares of First Industrial Realty Trust by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust's stock valued at $205,000 after purchasing an additional 210 shares during the last quarter. UMB Bank n.a. raised its position in shares of First Industrial Realty Trust by 24.7% in the 4th 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. Principal Securities Inc. boosted its holdings in First Industrial Realty Trust by 9.3% in the fourth quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust's stock valued at $158,000 after acquiring an additional 269 shares during the last quarter. Stifel Financial Corp grew its position in First Industrial Realty Trust by 1.1% during the third quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust's stock valued at $1,450,000 after acquiring an additional 278 shares during the period. Finally, Fortem Financial Group LLC grew its position in First Industrial Realty Trust by 2.9% during the fourth quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust's stock valued at $517,000 after acquiring an additional 292 shares during the period. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts recently commented on FR shares. Robert W. Baird raised their price target on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. KeyCorp upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price target for the company. The Goldman Sachs Group raised shares of First Industrial Realty Trust from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $52.00 to $59.00 in a research report on Friday, February 21st. Finally, Barclays reaffirmed a "cautious" rating on shares of First Industrial Realty Trust in a report on Tuesday, March 25th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $58.38.

First Industrial Realty Trust Stock Down 0.2 %

NYSE FR traded down $0.13 on Wednesday, hitting $53.79. 152,236 shares of the stock traded hands, compared to its average volume of 1,067,878. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average of $55.07 and a 200 day moving average of $53.68. First Industrial Realty Trust, Inc. has a twelve month low of $45.10 and a twelve month high of $58.17. The company has a market capitalization of $7.12 billion, a P/E ratio of 24.65 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) 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%. As a group, analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be paid a dividend of $0.445 per share. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Monday, March 31st. First Industrial Realty Trust's dividend payout ratio is presently 81.65%.

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.