Charles Schwab Investment Management Inc. Has $122.18 Million Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Charles Schwab Investment Management Inc. lifted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 3.9% in the 3rd quarter, Holdings Channel reports. The firm owned 2,182,600 shares of the real estate investment trust’s stock after buying an additional 81,826 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in First Industrial Realty Trust were worth $122,182,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Manning & Napier Advisors LLC acquired a new position in First Industrial Realty Trust during the second quarter valued at approximately $2,824,000. DekaBank Deutsche Girozentrale grew its stake in First Industrial Realty Trust by 32.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 89,195 shares of the real estate investment trust’s stock valued at $4,567,000 after buying an additional 21,767 shares during the last quarter. Tidal Investments LLC raised its holdings in First Industrial Realty Trust by 29.6% in the 1st quarter. Tidal Investments LLC now owns 53,015 shares of the real estate investment trust’s stock worth $2,785,000 after acquiring an additional 12,097 shares during the period. D. E. Shaw & Co. Inc. lifted its position in First Industrial Realty Trust by 17.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 531,900 shares of the real estate investment trust’s stock worth $25,271,000 after acquiring an additional 79,515 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in First Industrial Realty Trust by 2.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust’s stock valued at $61,632,000 after acquiring an additional 26,353 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on FR shares. Wells Fargo & Company lifted their price objective on First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Barclays cut their price target on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Truist Financial raised their price objective on shares of First Industrial Realty Trust from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Mizuho upped their target price on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Finally, Wolfe Research raised shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 price target for the company in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.83.

First Industrial Realty Trust Stock Up 1.4 %

Shares of NYSE:FR opened at $54.48 on Tuesday. The company’s fifty day moving average is $54.30 and its 200-day moving average is $52.10. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. First Industrial Realty Trust, Inc. has a 52 week low of $45.02 and a 52 week high of $57.35. The company has a market capitalization of $7.21 billion, a PE ratio of 23.65 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The firm had revenue of $167.60 million for the quarter, compared to analyst estimates of $164.01 million. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. Equities research analysts predict that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.72%. First Industrial Realty Trust’s dividend payout ratio is 63.52%.

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.