First Industrial Realty Trust, Inc. (NYSE:FR) Shares Purchased by FJ Capital Management LLC

FJ Capital Management LLC increased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,741 shares of the real estate investment trust’s stock after purchasing an additional 1,032 shares during the period. FJ Capital Management LLC’s holdings in First Industrial Realty Trust were worth $1,090,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FR. Vanguard Group Inc. lifted its position in First Industrial Realty Trust by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust’s stock worth $962,039,000 after acquiring an additional 304,589 shares in the last quarter. Invesco Ltd. boosted its position in First Industrial Realty Trust by 80.2% during the 4th quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust’s stock valued at $214,401,000 after purchasing an additional 1,903,164 shares during the period. Geode Capital Management LLC grew its position in First Industrial Realty Trust by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,482,693 shares of the real estate investment trust’s stock worth $124,492,000 after purchasing an additional 14,298 shares during the last quarter. Alliancebernstein L.P. raised its stake in First Industrial Realty Trust by 5.7% during the 4th quarter. Alliancebernstein L.P. now owns 2,432,120 shares of the real estate investment trust’s stock valued at $121,922,000 after acquiring an additional 130,819 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of First Industrial Realty Trust by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,205,880 shares of the real estate investment trust’s stock worth $110,581,000 after acquiring an additional 23,280 shares during the period. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Scotiabank dropped their price target on First Industrial Realty Trust from $58.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group decreased their target price on shares of 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. Barclays lowered their price target on First Industrial Realty Trust from $56.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price objective for the company. Finally, Robert W. Baird decreased their target price on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an “outperform” rating on the stock in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.50.

First Industrial Realty Trust Trading Up 1.5 %

NYSE FR opened at $49.43 on Friday. 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 business has a 50 day moving average price of $50.62 and a 200-day moving average price of $52.11. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 22.67 and a beta of 1.08.

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 for the quarter, missing the consensus estimate of $0.70 by ($0.02). The firm had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. As a group, equities analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

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

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.