Wolverine Asset Management LLC Buys 9,733 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Wolverine Asset Management LLC raised its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 48.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,733 shares of the real estate investment trust's stock after buying an additional 9,733 shares during the period. Wolverine Asset Management LLC's holdings in First Industrial Realty Trust were worth $1,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of First Industrial Realty Trust in the 3rd quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC grew its stake in shares of First Industrial Realty Trust by 46.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 200 shares in the last quarter. UMB Bank n.a. grew its position in First Industrial Realty Trust by 116.2% in the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust's stock valued at $49,000 after acquiring an additional 466 shares during the period. Blue Trust Inc. lifted its stake in First Industrial Realty Trust by 201.9% in the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 636 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of First Industrial Realty Trust by 77.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 417 shares during the last quarter. Institutional investors own 99.85% of the company's stock.

First Industrial Realty Trust Stock Performance

NYSE:FR traded down $0.56 during trading hours on Tuesday, reaching $52.85. The stock had a trading volume of 1,012,000 shares, compared to its average volume of 1,099,734. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50 day simple moving average of $54.90 and a 200 day simple moving average of $51.70. First Industrial Realty Trust, Inc. has a 12-month low of $42.38 and a 12-month high of $57.35. The stock has a market cap of $6.99 billion, a P/E ratio of 22.74 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. The business had revenue of $167.60 million for the quarter, compared to analyst estimates of $164.01 million. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The company's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. On average, 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders 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 dividend yield of 2.80%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio is currently 63.52%.

Analyst Ratings Changes

A number of analysts have issued reports on FR shares. Scotiabank raised their target price on First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, August 26th. Royal Bank of Canada increased 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 research report on Tuesday, July 30th. Wells Fargo & Company lifted their price target on 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. Barclays upped their price objective on First Industrial Realty Trust from $52.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. Finally, Mizuho raised their target price on 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 investment 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $57.92.

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.