Y Intercept Hong Kong Ltd Has $201,000 Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Y Intercept Hong Kong Ltd decreased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 75.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,013 shares of the real estate investment trust’s stock after selling 12,172 shares during the period. Y Intercept Hong Kong Ltd’s holdings in First Industrial Realty Trust were worth $201,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Synovus Financial Corp boosted its holdings in shares of First Industrial Realty Trust by 96.3% during the 3rd quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust’s stock worth $1,588,000 after buying an additional 13,922 shares during the period. Franklin Resources Inc. lifted its position in First Industrial Realty Trust by 42.9% during the third quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust’s stock worth $10,546,000 after acquiring an additional 58,088 shares during the last quarter. Commerce Bank acquired a new stake in First Industrial Realty Trust during the third quarter worth approximately $4,817,000. JPMorgan Chase & Co. boosted its holdings in shares of First Industrial Realty Trust by 28.7% during the third quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock worth $187,798,000 after acquiring an additional 747,101 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of First Industrial Realty Trust by 13.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,827 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 331 shares during the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

Shares of First Industrial Realty Trust stock opened at $58.06 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The company has a market cap of $7.69 billion, a PE ratio of 26.63 and a beta of 1.09. The company has a 50 day moving average of $53.23 and a 200-day moving average of $53.83. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $58.16.

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 for the quarter, topping the consensus estimate 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%. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be paid a $0.445 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 3.07%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 81.65%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays dropped 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 report on Monday, November 18th. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. The Goldman Sachs Group raised shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and boosted their target price for the company from $52.00 to $59.00 in a research report on Friday, February 21st. Robert W. Baird raised their price target on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.31.

About First Industrial Realty Trust

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.