First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 29.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 672 shares of the real estate investment trust’s stock after selling 284 shares during the quarter. Farther Finance Advisors LLC’s holdings in First Industrial Realty Trust were worth $34,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rush Island Management LP purchased a new position in shares of First Industrial Realty Trust during the 3rd quarter worth $60,848,000. JPMorgan Chase & Co. raised its holdings in shares of First Industrial Realty Trust by 28.7% during the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of First Industrial Realty Trust by 290.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust’s stock worth $50,105,000 after acquiring an additional 665,920 shares during the period. Zimmer Partners LP purchased a new position in shares of First Industrial Realty Trust during the 3rd quarter worth $18,649,000. Finally, NFJ Investment Group LLC purchased a new position in shares of First Industrial Realty Trust during the 3rd quarter worth $7,778,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Robert W. Baird raised their price objective on 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. Deutsche Bank Aktiengesellschaft assumed coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price objective for the company. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group raised First Industrial Realty Trust from a “sell” rating to a “neutral” rating and lifted their target price for the company from $52.00 to $59.00 in a research report on Friday, February 21st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.31.

First Industrial Realty Trust Stock Performance

Shares of First Industrial Realty Trust stock opened at $53.47 on Monday. First Industrial Realty Trust, Inc. has a one year low of $45.10 and a one year high of $58.17. The company has a market cap of $7.08 billion, a PE ratio of 24.53 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. The business has a 50-day simple moving average of $54.61 and a 200-day simple moving average of $53.78.

First Industrial Realty Trust (NYSE:FR) last announced 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, equities 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 firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be paid a dividend of $0.445 per share. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 3.33%. First Industrial Realty Trust’s payout ratio is presently 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.