First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 12.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,496 shares of the real estate investment trust’s stock after selling 354 shares during the quarter. Exchange Traded Concepts LLC’s holdings in First Industrial Realty Trust were worth $140,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FR. Wellington Management Group LLP grew its position in First Industrial Realty Trust by 35.0% in the fourth quarter. Wellington Management Group LLP now owns 386,723 shares of the real estate investment trust’s stock valued at $20,369,000 after acquiring an additional 100,289 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in First Industrial Realty Trust in the first quarter valued at approximately $89,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of First Industrial Realty Trust by 38.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,090 shares of the real estate investment trust’s stock valued at $320,000 after buying an additional 1,693 shares during the last quarter. Oak Thistle LLC boosted its stake in shares of First Industrial Realty Trust by 38.2% during the 1st quarter. Oak Thistle LLC now owns 12,509 shares of the real estate investment trust’s stock valued at $657,000 after buying an additional 3,456 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of First Industrial Realty Trust by 781.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 529 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 469 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on FR. The Goldman Sachs Group increased their target price on First Industrial Realty Trust from $46.00 to $52.00 and gave the company a “sell” rating in a research note on Friday, July 26th. Truist Financial increased their target price on First Industrial Realty Trust from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their target price on First Industrial Realty Trust from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Wolfe Research upgraded First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 target price for the company in a research note on Tuesday, August 13th. Finally, Wells Fargo & Company increased their target price on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.92.

First Industrial Realty Trust Price Performance

Shares of NYSE FR opened at $55.00 on Wednesday. First Industrial Realty Trust, Inc. has a 1-year low of $40.44 and a 1-year high of $57.35. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 1.16. The business’s fifty day moving average price is $55.50 and its two-hundred day moving average price is $51.28. The firm has a market capitalization of $7.28 billion, a PE ratio of 25.35 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. First Industrial Realty Trust had a return on equity of 10.72% and a net margin of 44.46%. The firm had revenue of $167.60 million for the quarter, compared to analyst estimates of $164.01 million. During the same period last year, the company earned $0.62 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, research analysts expect that First Industrial Realty Trust, Inc. will post 2.62 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, September 30th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.69%. The ex-dividend date was Monday, September 30th. First Industrial Realty Trust’s dividend payout ratio is presently 68.20%.

First Industrial Realty Trust Company 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.