First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Savant Capital LLC

Savant Capital LLC decreased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,468 shares of the real estate investment trust’s stock after selling 1,095 shares during the quarter. Savant Capital LLC’s holdings in First Industrial Realty Trust were worth $374,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in First Industrial Realty Trust during the third quarter worth $28,000. Versant Capital Management Inc increased its stake in First Industrial Realty Trust by 92.5% during the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 481 shares during the last quarter. Blue Trust Inc. increased its stake in First Industrial Realty Trust by 201.9% during the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 636 shares during the last quarter. Farther Finance Advisors LLC increased its stake in First Industrial Realty Trust by 77.4% during the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 417 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in First Industrial Realty Trust by 24.7% during the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 214 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on FR shares. Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a “hold” rating and a $52.00 target price for the company. Barclays lowered their price target on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Hold” and an average target price of $57.38.

First Industrial Realty Trust Trading Down 0.4 %

NYSE:FR opened at $55.60 on Tuesday. The firm has a market cap of $7.36 billion, a PE ratio of 25.51 and a beta of 1.09. The stock has a fifty day moving average price of $51.99 and a 200 day moving average price of $53.56. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $57.35. 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 released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. Sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 3.20%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. First Industrial Realty Trust’s payout ratio is 67.89%.

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.