Wellington Management Group LLP Has $13.56 Million Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Wellington Management Group LLP lowered its stake in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 20.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 242,154 shares of the real estate investment trust's stock after selling 63,811 shares during the quarter. Wellington Management Group LLP owned about 0.18% of First Industrial Realty Trust worth $13,556,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Rush Island Management LP bought a new stake in First Industrial Realty Trust in the third quarter valued at approximately $60,848,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of First Industrial Realty Trust by 290.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust's stock valued at $50,105,000 after buying an additional 665,920 shares during the period. Land & Buildings Investment Management LLC increased its position in shares of First Industrial Realty Trust by 256.4% in the 2nd quarter. Land & Buildings Investment Management LLC now owns 808,212 shares of the real estate investment trust's stock valued at $38,398,000 after buying an additional 581,472 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in First Industrial Realty Trust during the 2nd quarter worth $23,755,000. Finally, Bank of Montreal Can lifted its holdings in First Industrial Realty Trust by 442.8% during the second quarter. Bank of Montreal Can now owns 559,132 shares of the real estate investment trust's stock worth $26,570,000 after acquiring an additional 456,124 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FR has been the topic of several recent analyst reports. Scotiabank lifted their price objective on First Industrial Realty Trust from $55.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, August 26th. Barclays cut their price target on shares of 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. Mizuho increased their price objective on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, September 5th. Finally, Wells Fargo & Company raised their price objective on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $57.83.

First Industrial Realty Trust Stock Up 1.3 %

Shares of NYSE FR traded up $0.70 during mid-day trading on Friday, hitting $52.80. The company had a trading volume of 770,735 shares, compared to its average volume of 1,070,671. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm has a 50-day simple moving average of $53.44 and a two-hundred day simple moving average of $52.69. The company has a market capitalization of $6.99 billion, a PE ratio of 22.66 and a beta of 1.07. First Industrial Realty Trust, Inc. has a one year low of $45.10 and a one year high of $57.35.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $167.60 million during the quarter, compared to the consensus estimate of $164.01 million. During the same period last year, the company earned $0.62 earnings per share. The business's revenue was up 8.1% compared to the same quarter last year. On average, equities analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders 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 2.80%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio is currently 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.