EP Wealth Advisors LLC Has $476,000 Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

EP Wealth Advisors LLC raised its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 4.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,489 shares of the real estate investment trust’s stock after buying an additional 385 shares during the period. EP Wealth Advisors LLC’s holdings in First Industrial Realty Trust were worth $476,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FR. Invesco Ltd. boosted its stake 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 last quarter. Norges Bank bought a new position in shares of First Industrial Realty Trust during the 4th quarter worth approximately $90,489,000. Argosy Lionbridge Management LLC bought a new position in shares of First Industrial Realty Trust during the 4th quarter worth approximately $26,447,000. Prudential Financial Inc. lifted its position in shares of First Industrial Realty Trust by 194.5% during the 4th quarter. Prudential Financial Inc. now owns 792,593 shares of the real estate investment trust’s stock worth $41,564,000 after buying an additional 523,429 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of First Industrial Realty Trust by 41.2% during the 4th quarter. Northern Trust Corp now owns 1,554,330 shares of the real estate investment trust’s stock worth $77,919,000 after buying an additional 453,465 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a “hold” rating and a $52.00 target price on the stock. Robert W. Baird dropped 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, May 6th. Truist Financial dropped their target price on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. Barclays dropped 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, The Goldman Sachs Group lowered their price target on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.50.

First Industrial Realty Trust Trading Up 0.3%

Shares of FR stock opened at $49.54 on Monday. The company’s fifty day simple moving average is $50.47 and its two-hundred day simple moving average is $52.03. 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, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 22.72 and a beta of 1.08.

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

First Industrial Realty Trust Dividend Announcement

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. The ex-dividend date is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.59%. First Industrial Realty Trust’s payout ratio is 88.12%.

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.