First Industrial Realty Trust, Inc. (NYSE:FR) Position Lifted by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC raised its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 33.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 434,744 shares of the real estate investment trust’s stock after acquiring an additional 109,744 shares during the quarter. First Industrial Realty Trust makes up 0.7% of Lighthouse Investment Partners LLC’s portfolio, making the stock its 24th biggest position. Lighthouse Investment Partners LLC owned 0.33% of First Industrial Realty Trust worth $21,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in First Industrial Realty Trust by 24.7% during 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 acquiring an additional 214 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in First Industrial Realty Trust by 200.8% during 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 acquiring an additional 747 shares during the last quarter. Blue Trust Inc. boosted its stake in First Industrial Realty Trust by 30.7% during the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 292 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 during the last quarter. Finally, FIL Ltd boosted its stake in First Industrial Realty Trust by 32.8% during the 4th quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 358 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FR has been the topic of a number of research analyst reports. Scotiabank reduced their price objective on shares of 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. Royal Bank of Canada reduced their price target on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Robert W. Baird reduced their price target 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. The Goldman Sachs Group reduced 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 research report on Tuesday, April 22nd. Finally, Barclays reduced their price target 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.50.

First Industrial Realty Trust Stock Up 0.3%

First Industrial Realty Trust stock opened at $49.54 on Monday. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 22.72 and a beta of 1.08. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $50.47 and its two-hundred day moving average price is $52.03. First Industrial Realty Trust, Inc. has a 52 week low of $40.31 and a 52 week high of $58.17.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data 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). 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. On average, analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 30th will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.59%. First Industrial Realty Trust’s dividend payout ratio (DPR) 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.