AQR Capital Management LLC Has $5.49 Million Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

AQR Capital Management LLC raised its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,648 shares of the real estate investment trust’s stock after buying an additional 22,142 shares during the quarter. AQR Capital Management LLC owned about 0.08% of First Industrial Realty Trust worth $5,493,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its position in First Industrial Realty Trust by 34.6% in the third quarter. Barclays PLC now owns 131,111 shares of the real estate investment trust’s stock valued at $7,341,000 after acquiring an additional 33,702 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of First Industrial Realty Trust by 42.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust’s stock valued at $10,546,000 after purchasing an additional 58,088 shares during the last quarter. Park Avenue Securities LLC increased its position in First Industrial Realty Trust by 14.8% during the 4th quarter. Park Avenue Securities LLC now owns 10,124 shares of the real estate investment trust’s stock worth $508,000 after purchasing an additional 1,304 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in First Industrial Realty Trust by 6.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,241 shares of the real estate investment trust’s stock valued at $513,000 after purchasing an additional 665 shares during the last quarter. Finally, Boston Common Asset Management LLC boosted its position in First Industrial Realty Trust by 28.7% in the fourth quarter. Boston Common Asset Management LLC now owns 84,028 shares of the real estate investment trust’s stock valued at $4,212,000 after buying an additional 18,749 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Up 1.5 %

Shares of First Industrial Realty Trust stock opened at $49.43 on Friday. The stock’s 50-day moving average is $50.62 and its 200 day moving average is $52.11. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $58.17. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 22.67 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) 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. Equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust’s payout ratio is 88.12%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group dropped 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 note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on First Industrial Realty Trust from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Robert W. Baird lowered their price objective on First Industrial Realty Trust from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Tuesday. Barclays cut their target price on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Finally, Scotiabank reduced their target price on shares of First Industrial Realty Trust from $58.00 to $50.00 and set a “sector perform” rating on the stock in a report on Monday, April 7th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.50.

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.