First Industrial Realty Trust, Inc. (NYSE:FR) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 17.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 531,900 shares of the real estate investment trust’s stock after acquiring an additional 79,515 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.40% of First Industrial Realty Trust worth $25,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in First Industrial Realty Trust by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 19,190,794 shares of the real estate investment trust’s stock worth $1,008,284,000 after acquiring an additional 77,270 shares in the last quarter. Centersquare Investment Management LLC increased its stake in First Industrial Realty Trust by 8.4% during the first quarter. Centersquare Investment Management LLC now owns 4,932,306 shares of the real estate investment trust’s stock worth $259,143,000 after purchasing an additional 380,805 shares during the period. Nomura Holdings Inc. lifted its position in shares of First Industrial Realty Trust by 14.9% during the fourth quarter. Nomura Holdings Inc. now owns 3,110,986 shares of the real estate investment trust’s stock worth $163,856,000 after purchasing an additional 402,744 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of First Industrial Realty Trust by 7.3% in the second quarter. Victory Capital Management Inc. now owns 2,177,761 shares of the real estate investment trust’s stock valued at $103,465,000 after purchasing an additional 148,996 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in First Industrial Realty Trust by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust’s stock worth $96,133,000 after buying an additional 118,239 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Performance

Shares of FR stock opened at $56.04 on Friday. First Industrial Realty Trust, Inc. has a 1 year low of $40.44 and a 1 year high of $57.35. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 25.82 and a beta of 1.08. The stock’s 50-day moving average is $55.08 and its two-hundred day moving average is $50.96.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.25). The firm had revenue of $164.10 million for the quarter, compared to analyst estimates of $163.48 million. First Industrial Realty Trust had a return on equity of 10.72% and a net margin of 44.46%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. Analysts predict that First Industrial Realty Trust, Inc. will post 2.62 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Monday, September 30th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, September 30th. First Industrial Realty Trust’s payout ratio is currently 68.20%.

Analyst Ratings Changes

FR has been the subject of several recent research reports. Mizuho raised their price target on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. upped their price target on First Industrial Realty Trust from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Wells Fargo & Company lifted their price objective on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Scotiabank upped their target price on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Finally, Royal Bank of Canada lifted their price target on shares of First Industrial Realty Trust from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.46.

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.