40,385 Shares in First Industrial Realty Trust, Inc. (NYSE:FR) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,385 shares of the real estate investment trust’s stock, valued at approximately $2,024,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FR. Versant Capital Management Inc lifted its position 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. lifted its holdings in shares of First Industrial Realty Trust by 24.7% in the fourth 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 in the last quarter. Venturi Wealth Management LLC grew its holdings in First Industrial Realty Trust by 200.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 747 shares in the last quarter. Blue Trust Inc. raised its position in 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 buying an additional 292 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in First Industrial Realty Trust by 73.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 575 shares in the last quarter. Institutional investors own 99.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Scotiabank lowered their target price on shares of First Industrial Realty Trust from $58.00 to $50.00 and set a “sector perform” rating for the company in a report on Monday, April 7th. Royal Bank of Canada decreased their price objective on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday. 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 target price on the stock. The Goldman Sachs Group decreased their price target on First Industrial Realty Trust from $59.00 to $51.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. cut their price objective on First Industrial Realty Trust from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.08.

First Industrial Realty Trust Stock Up 0.0 %

FR stock opened at $47.59 on Thursday. The stock has a fifty day moving average of $51.57 and a 200-day moving average of $52.37. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 21.83 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. The business had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. As a group, equities research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 3.74%. First Industrial Realty Trust’s payout ratio is 88.12%.

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.