Farther Finance Advisors LLC Has $53,000 Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Farther Finance Advisors LLC grew its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 77.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 956 shares of the real estate investment trust’s stock after purchasing an additional 417 shares during the period. Farther Finance Advisors LLC’s holdings in First Industrial Realty Trust were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of First Industrial Realty Trust by 46.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in shares of First Industrial Realty Trust by 4.8% during the second quarter. Azzad Asset Management Inc. ADV now owns 6,472 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 295 shares during the period. Fortem Financial Group LLC raised its holdings in shares of First Industrial Realty Trust by 4.6% in the 2nd quarter. Fortem Financial Group LLC now owns 9,868 shares of the real estate investment trust’s stock worth $469,000 after acquiring an additional 438 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of First Industrial Realty Trust by 116.2% in the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 466 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in shares of First Industrial Realty Trust in the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

FR has been the topic of a number of analyst reports. Barclays upped their target price on shares of First Industrial Realty Trust from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. 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 report on Monday, August 26th. Wolfe Research upgraded shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 target price on the stock in a report on Tuesday, August 13th. Wells Fargo & Company upped their price objective 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of First Industrial Realty Trust from $53.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $57.92.

First Industrial Realty Trust Stock Up 1.5 %

First Industrial Realty Trust stock opened at $53.62 on Thursday. First Industrial Realty Trust, Inc. has a twelve month low of $43.80 and a twelve month high of $57.35. The firm has a 50 day moving average price of $54.76 and a 200-day moving average price of $51.76. The company has a market capitalization of $7.10 billion, a P/E ratio of 23.01 and a beta of 1.08. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80.

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

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust’s payout ratio is currently 63.52%.

First Industrial Realty Trust 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.