FORA Capital LLC Invests $824,000 in First Industrial Realty Trust, Inc. (NYSE:FR)

FORA Capital LLC purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 16,446 shares of the real estate investment trust’s stock, valued at approximately $824,000.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. grew 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 worth $54,000 after purchasing an additional 214 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in First Industrial Realty Trust by 200.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 747 shares during the last quarter. Blue Trust Inc. increased its position in shares of First Industrial Realty Trust by 30.7% in the fourth 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 period. Smartleaf Asset Management LLC raised its stake in shares of First Industrial Realty Trust by 73.2% during the fourth 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 holdings in shares of First Industrial Realty Trust by 32.8% during the fourth quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 358 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FR shares. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target on the stock. Royal Bank of Canada decreased their target price on First Industrial Realty Trust from $62.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Scotiabank cut their price target 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. The Goldman Sachs Group decreased their price objective on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Finally, Truist Financial cut 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 note on Monday, May 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $56.50.

First Industrial Realty Trust Trading Up 0.3 %

First Industrial Realty Trust stock opened at $49.54 on Friday. First Industrial Realty Trust, Inc. has a 12 month low of $40.31 and a 12 month high of $58.17. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 22.72 and a beta of 1.08. The business’s fifty day simple moving average is $50.47 and its two-hundred day simple moving average is $52.07. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR) last announced 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). The firm had revenue of $177.07 million during 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 predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be issued a $0.445 dividend. The ex-dividend date of this dividend 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 currently 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.