First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,963 shares of the real estate investment trust’s stock after selling 2,196 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.05% of First Industrial Realty Trust worth $3,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FR. Howard Capital Management Group LLC purchased a new stake in First Industrial Realty Trust during the 3rd quarter valued at approximately $206,000. Natixis Advisors LLC raised its stake in shares of First Industrial Realty Trust by 12.3% during the third quarter. Natixis Advisors LLC now owns 25,497 shares of the real estate investment trust’s stock worth $1,427,000 after purchasing an additional 2,783 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of First Industrial Realty Trust by 3.0% during the third quarter. Pathstone Holdings LLC now owns 29,686 shares of the real estate investment trust’s stock worth $1,663,000 after purchasing an additional 869 shares during the period. Charles Schwab Investment Management Inc. grew its position in First Industrial Realty Trust by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust’s stock valued at $122,182,000 after buying an additional 81,826 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in First Industrial Realty Trust in the 3rd quarter valued at $496,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock opened at $54.31 on Tuesday. 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 company has a market cap of $7.19 billion, a price-to-earnings ratio of 24.91 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $58.17. The firm has a 50 day moving average price of $54.71 and a 200 day moving average price of $53.77.

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%. Sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be paid a $0.445 dividend. 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 dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, March 31st. First Industrial Realty Trust’s payout ratio is currently 81.65%.

Analysts Set New Price Targets

Several research firms have recently commented on FR. The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and raised their target price for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price objective for the company. Robert W. Baird boosted their target price 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. Finally, KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.