First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 81.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,141 shares of the real estate investment trust’s stock after selling 137,937 shares during the quarter. Thrivent Financial for Lutherans’ holdings in First Industrial Realty Trust were worth $1,561,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Howard Capital Management Group LLC acquired a new stake in shares of First Industrial Realty Trust in the third quarter valued at approximately $206,000. Cerity Partners LLC purchased a new stake in First Industrial Realty Trust in the 3rd quarter valued at approximately $496,000. FMR LLC lifted its stake in First Industrial Realty Trust by 6.2% in the 3rd quarter. FMR LLC now owns 326,754 shares of the real estate investment trust’s stock valued at $18,292,000 after buying an additional 18,958 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in First Industrial Realty Trust by 77.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 121,655 shares of the real estate investment trust’s stock valued at $6,810,000 after buying an additional 53,266 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in First Industrial Realty Trust by 2.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,841 shares of the real estate investment trust’s stock worth $4,022,000 after buying an additional 1,462 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 1.2 %

NYSE FR opened at $53.60 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $58.17. The business has a 50 day moving average price of $54.99 and a two-hundred day moving average price of $53.71. The stock has a market cap of $7.10 billion, a PE ratio of 24.59 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last issued 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 net margin of 42.94% and a return on equity of 10.64%. As a group, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently declared 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. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Monday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s payout ratio is 81.65%.

Analysts Set New Price Targets

Several research firms have issued reports on FR. Barclays reaffirmed a “cautious” rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th. 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. Robert W. Baird lifted 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 note on Wednesday, February 19th. The Goldman Sachs Group raised First Industrial Realty Trust from a “sell” rating to a “neutral” rating and increased their price target for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, First Industrial Realty Trust presently has an average rating of “Hold” and a consensus target price of $58.38.

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.