Natixis Advisors LLC Buys 3,179 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Natixis Advisors LLC boosted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,676 shares of the real estate investment trust’s stock after acquiring an additional 3,179 shares during the period. Natixis Advisors LLC’s holdings in First Industrial Realty Trust were worth $1,438,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Rush Island Management LP bought a new stake in First Industrial Realty Trust in the third quarter valued at about $60,848,000. JPMorgan Chase & Co. grew its stake in shares of First Industrial Realty Trust by 28.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock valued at $187,798,000 after purchasing an additional 747,101 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of First Industrial Realty Trust by 290.6% in 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 valued at $50,105,000 after purchasing an additional 665,920 shares during the period. Zimmer Partners LP acquired a new position in shares of First Industrial Realty Trust in the 3rd quarter worth approximately $18,649,000. Finally, NFJ Investment Group LLC bought a new position in shares of First Industrial Realty Trust during the 3rd quarter worth approximately $7,778,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FR. The Goldman Sachs Group upgraded First Industrial Realty Trust from a “sell” rating to a “neutral” rating and upped their price target for the company from $52.00 to $59.00 in a research report on Friday, February 21st. Robert W. Baird increased their target price 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. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Barclays raised their price objective on shares of First Industrial Realty Trust from $55.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft assumed 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. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.38.

First Industrial Realty Trust Price Performance

Shares of FR stock opened at $54.13 on Wednesday. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 24.83 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 12 month low of $45.10 and a 12 month high of $58.17. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average price of $54.80 and a 200 day moving average price of $53.75.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. Research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be given 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 3.29%. The ex-dividend date is Monday, March 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 81.65%.

First Industrial Realty Trust 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.