Y Intercept Hong Kong Ltd Has $201,000 Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Y Intercept Hong Kong Ltd decreased its position in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 75.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,013 shares of the real estate investment trust's stock after selling 12,172 shares during the period. Y Intercept Hong Kong Ltd's holdings in First Industrial Realty Trust were worth $201,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in First Industrial Realty Trust by 77.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 417 shares in the last quarter. Versant Capital Management Inc raised its holdings in First Industrial Realty Trust by 92.5% in the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 481 shares in the last quarter. UMB Bank n.a. grew its stake 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 valued at $54,000 after purchasing an additional 214 shares during the period. Venturi Wealth Management LLC grew its stake in shares of First Industrial Realty Trust by 200.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 747 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of First Industrial Realty Trust by 30.7% in the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 99.85% of the company's stock.

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First Industrial Realty Trust Trading Down 0.2 %

NYSE:FR traded down $0.14 during trading hours on Friday, hitting $57.51. 1,160,884 shares of the stock were exchanged, compared to its average volume of 1,145,136. The company's 50 day moving average is $53.51 and its two-hundred day moving average is $53.87. 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 quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $7.61 billion, a P/E ratio of 26.38 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last posted 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%. On average, sell-side analysts anticipate 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be issued a dividend of $0.445 per share. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 3.10%. First Industrial Realty Trust's dividend payout ratio is currently 81.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FR shares. KeyCorp upgraded First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a research note on Tuesday, December 17th. The Goldman Sachs Group upgraded First Industrial Realty Trust from a "sell" rating to a "neutral" rating and upped their price objective for the company from $52.00 to $59.00 in a research note on Friday, February 21st. Barclays lowered their price objective on 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. Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a "hold" rating and a $52.00 price objective on the stock. Finally, Robert W. Baird upped their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, First Industrial Realty Trust has an average rating of "Moderate Buy" and a consensus price target of $58.31.

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.