First Industrial Realty Trust, Inc. (NYSE:FR) Stock Position Boosted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 73.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,360 shares of the real estate investment trust’s stock after buying an additional 575 shares during the period. Smartleaf Asset Management LLC’s holdings in First Industrial Realty Trust were worth $68,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Creative Planning acquired a new stake in First Industrial Realty Trust in the 3rd quarter valued at about $258,000. Howard Capital Management Group LLC acquired a new stake in First Industrial Realty Trust in the 3rd quarter valued at about $206,000. Farther Finance Advisors LLC lifted its holdings in First Industrial Realty Trust by 77.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 417 shares during the last quarter. Van ECK Associates Corp lifted its holdings in First Industrial Realty Trust by 12.2% in the 3rd quarter. Van ECK Associates Corp now owns 52,170 shares of the real estate investment trust’s stock valued at $2,881,000 after acquiring an additional 5,668 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in First Industrial Realty Trust by 7.2% during the third quarter. QRG Capital Management Inc. now owns 12,329 shares of the real estate investment trust’s stock valued at $690,000 after buying an additional 828 shares in the last quarter. Institutional investors own 99.85% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on FR. Robert W. Baird upped their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. KeyCorp raised shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Barclays reduced their price objective on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a “hold” rating and a $52.00 target price on the stock. Finally, The Goldman Sachs Group upgraded First Industrial Realty Trust from a “sell” rating to a “neutral” rating and upped their target price for the company from $52.00 to $59.00 in a report on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, First Industrial Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $58.31.

First Industrial Realty Trust Trading Down 0.2 %

NYSE:FR opened at $57.51 on Monday. The stock’s 50 day moving average price is $53.51 and its 200 day moving average price is $53.87. First Industrial Realty Trust, Inc. has a 52 week low of $45.10 and a 52 week high of $58.17. The company has a market capitalization of $7.61 billion, a P/E ratio of 26.38 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, topping 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%. On average, research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be issued a $0.445 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a yield of 3.10%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s dividend payout ratio is currently 81.65%.

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.