Vision Capital Corp Has $12.75 Million Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Vision Capital Corp lowered its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 59.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,760 shares of the real estate investment trust's stock after selling 335,000 shares during the period. First Industrial Realty Trust comprises 2.1% of Vision Capital Corp's holdings, making the stock its 16th biggest holding. Vision Capital Corp owned about 0.17% of First Industrial Realty Trust worth $12,750,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in First Industrial Realty Trust by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust's stock worth $122,182,000 after purchasing an additional 81,826 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of First Industrial Realty Trust by 7.3% in the second quarter. Victory Capital Management Inc. now owns 2,177,761 shares of the real estate investment trust's stock worth $103,465,000 after acquiring an additional 148,996 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of First Industrial Realty Trust by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust's stock valued at $96,133,000 after acquiring an additional 118,239 shares during the period. Bank of New York Mellon Corp lifted its position in shares of First Industrial Realty Trust by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,321,315 shares of the real estate investment trust's stock valued at $62,776,000 after acquiring an additional 11,522 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in 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 worth $61,632,000 after purchasing an additional 26,353 shares during the period. 99.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Truist Financial increased their target price on First Industrial Realty Trust from $54.00 to $60.00 and gave the company a "buy" rating in a report on Monday, August 5th. Mizuho lifted their target price on 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. Wolfe Research upgraded First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 target price on the stock in a report on Tuesday, August 13th. Royal Bank of Canada raised their price target on shares of First Industrial Realty Trust from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company upped their price objective on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $57.83.

First Industrial Realty Trust Stock Performance

NYSE:FR traded up $0.73 during midday trading on Monday, reaching $54.48. The stock had a trading volume of 875,086 shares, compared to its average volume of 1,085,685. First Industrial Realty Trust, Inc. has a 1-year low of $45.02 and a 1-year high of $57.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $7.21 billion, a P/E ratio of 23.65 and a beta of 1.08. The firm's fifty day simple moving average is $54.30 and its 200-day simple moving average is $52.10.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $167.60 million for the quarter, compared to the consensus estimate of $164.01 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The business's revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal 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 issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust's payout ratio is presently 63.52%.

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.