Janney Montgomery Scott LLC Lowers Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Janney Montgomery Scott LLC lowered its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,271 shares of the real estate investment trust’s stock after selling 263 shares during the period. Janney Montgomery Scott LLC’s holdings in First Industrial Realty Trust were worth $214,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FR. UMB Bank n.a. increased its position in First Industrial Realty Trust by 24.7% during the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 214 shares in the last quarter. Stifel Financial Corp grew its stake in First Industrial Realty Trust by 1.1% during the third quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust’s stock worth $1,450,000 after buying an additional 278 shares during the period. Fortem Financial Group LLC increased its position in shares of First Industrial Realty Trust by 2.9% in the fourth quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust’s stock worth $517,000 after acquiring an additional 292 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of First Industrial Realty Trust by 77.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 417 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of First Industrial Realty Trust by 0.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 169,078 shares of the real estate investment trust’s stock valued at $9,465,000 after acquiring an additional 481 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

Shares of FR opened at $55.28 on Thursday. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 25.36 and a beta of 1.09. 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 business’s 50 day moving average is $51.72 and its two-hundred day moving average is $53.54. First Industrial Realty Trust, Inc. has a 52-week low of $45.10 and a 52-week high of $57.35.

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 (EPS) for the quarter, beating the consensus estimate 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%. 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 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 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 dividend yield of 3.22%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 67.89%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FR shares. KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Barclays decreased their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a “hold” rating and a $52.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $57.38.

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.