Blue Trust Inc. Grows Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Blue Trust Inc. raised its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 201.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 951 shares of the real estate investment trust’s stock after acquiring an additional 636 shares during the quarter. Blue Trust Inc.’s holdings in First Industrial Realty Trust were worth $53,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in First Industrial Realty Trust during the 3rd quarter valued at $28,000. Allspring Global Investments Holdings LLC boosted its position in First Industrial Realty Trust by 46.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. UMB Bank n.a. grew its stake in shares of First Industrial Realty Trust by 116.2% during the third quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 466 shares in the last quarter. GAMMA Investing LLC increased its position in shares of First Industrial Realty Trust by 132.7% during the third quarter. GAMMA Investing LLC now owns 1,103 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 629 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of First Industrial Realty Trust during the second quarter worth about $98,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

FR has been the topic of several analyst reports. Mizuho lifted their price objective on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Scotiabank lifted their price target 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. Barclays increased their price objective on shares of First Industrial Realty Trust from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Wolfe Research raised shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 target price for the company in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company increased their price target on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.92.

First Industrial Realty Trust Stock Performance

Shares of FR stock opened at $52.48 on Friday. The company has a market cap of $6.95 billion, a P/E ratio of 22.52 and a beta of 1.08. The business has a 50 day moving average of $55.44 and a two-hundred day moving average of $51.36. First Industrial Realty Trust, Inc. has a 52 week low of $41.68 and a 52 week high of $57.35. The company has a quick ratio of 1.16, a current ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The business had revenue of $167.60 million during the quarter, compared to analyst estimates of $164.01 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current year.

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.