EntryPoint Capital LLC Has $464,000 Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

EntryPoint Capital LLC increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 30.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,259 shares of the real estate investment trust’s stock after buying an additional 2,147 shares during the quarter. EntryPoint Capital LLC’s holdings in First Industrial Realty Trust were worth $464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FR. Synovus Financial Corp increased its holdings in shares of First Industrial Realty Trust by 96.3% in the third quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust’s stock valued at $1,588,000 after purchasing an additional 13,922 shares during the last quarter. Franklin Resources Inc. grew its stake in First Industrial Realty Trust by 42.9% in the 3rd quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust’s stock valued at $10,546,000 after buying an additional 58,088 shares during the last quarter. Proficio Capital Partners LLC bought a new position in First Industrial Realty Trust in the 4th quarter valued at about $1,463,000. JPMorgan Chase & Co. lifted its position in First Industrial Realty Trust by 28.7% during the third quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock worth $187,798,000 after acquiring an additional 747,101 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of First Industrial Realty Trust by 13.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 2,827 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 331 shares during the period. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 0.3 %

First Industrial Realty Trust stock opened at $54.13 on Wednesday. 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 firm has a market cap of $7.17 billion, a price-to-earnings ratio of 24.83 and a beta of 1.07. The firm has a 50 day moving average price of $54.80 and a two-hundred day moving average price of $53.75. First Industrial Realty Trust, Inc. has a 52-week low of $45.10 and a 52-week high of $58.17.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The company also recently announced 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 represents a $1.78 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. First Industrial Realty Trust’s dividend payout ratio is presently 81.65%.

Wall Street Analyst Weigh In

FR has been the subject of a number of analyst reports. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price objective on the stock. Robert W. Baird upped their target price on 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. Barclays lifted their price target on First Industrial Realty Trust from $55.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, The Goldman Sachs Group upgraded First Industrial Realty Trust from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $52.00 to $59.00 in a research report on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, First Industrial Realty Trust has an average rating of “Moderate Buy” and an average price target of $58.38.

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.