First Industrial Realty Trust, Inc. (NYSE:FR) Holdings Reduced by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lessened its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 88.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,481 shares of the real estate investment trust’s stock after selling 42,338 shares during the period. Tudor Investment Corp ET AL’s holdings in First Industrial Realty Trust were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. increased its position in First Industrial Realty Trust by 24.7% in the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 214 shares during the period. Venturi Wealth Management LLC raised its stake in shares of First Industrial Realty Trust by 200.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 747 shares in the last quarter. Blue Trust Inc. lifted its holdings in First Industrial Realty Trust by 30.7% in the fourth quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 292 shares during the period. Smartleaf Asset Management LLC grew its position in First Industrial Realty Trust by 73.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 575 shares in the last quarter. Finally, FIL Ltd increased its stake in First Industrial Realty Trust by 32.8% during the 4th quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 358 shares during the period. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Up 0.3 %

NYSE FR opened at $49.54 on Friday. The firm’s 50 day moving average price is $50.47 and its two-hundred day moving average price is $52.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. First Industrial Realty Trust, Inc. has a twelve month low of $40.31 and a twelve month high of $58.17. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 22.72 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.02). First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. The business had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. Equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be given a $0.445 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.59%. First Industrial Realty Trust’s payout ratio is 88.12%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FR. Robert W. Baird reduced their price target on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an “outperform” rating for the company in a research note on Tuesday. Scotiabank decreased their price target on First Industrial Realty Trust from $58.00 to $50.00 and set a “sector perform” rating for the company in a research note on Monday, April 7th. Barclays dropped their price objective on First Industrial Realty Trust from $56.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on First Industrial Realty Trust from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, Royal Bank of Canada lowered their target price on First Industrial Realty Trust from $62.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, First Industrial Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $56.50.

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.