Verition Fund Management LLC Raises Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Verition Fund Management LLC grew its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 21.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,304 shares of the real estate investment trust's stock after purchasing an additional 38,296 shares during the period. Verition Fund Management LLC owned approximately 0.16% of First Industrial Realty Trust worth $12,053,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new stake in First Industrial Realty Trust during the second quarter valued at $2,824,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of First Industrial Realty Trust by 32.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 89,195 shares of the real estate investment trust's stock valued at $4,567,000 after acquiring an additional 21,767 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in First Industrial Realty Trust by 17.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 531,900 shares of the real estate investment trust's stock worth $25,271,000 after acquiring an additional 79,515 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in First Industrial Realty Trust by 2.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust's stock worth $61,632,000 after acquiring an additional 26,353 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in First Industrial Realty Trust during the second quarter worth approximately $507,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Trading Down 1.2 %

Shares of NYSE:FR traded down $0.63 during trading on Friday, reaching $53.45. 708,315 shares of the company were exchanged, compared to its average volume of 815,880. The business's fifty day simple moving average is $54.07 and its 200-day simple moving average is $52.29. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $57.35. The firm has a market capitalization of $7.07 billion, a PE ratio of 22.94 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The company had revenue of $167.60 million for the quarter, compared to the consensus estimate of $164.01 million. During the same period last year, the business posted $0.62 EPS. First Industrial Realty Trust's quarterly revenue was up 8.1% on a year-over-year basis. On average, research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 63.52%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FR. Wolfe Research upgraded First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 target price for the company in a report on Tuesday, August 13th. Truist Financial boosted their price objective on shares of First Industrial Realty Trust from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, August 5th. Scotiabank increased their target price on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, August 26th. Wells Fargo & Company lifted their price target on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. Finally, Mizuho upped their price target on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the company an "outperform" rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.83.

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.