First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 434,713 shares of the real estate investment trust’s stock after selling 67,352 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.33% of First Industrial Realty Trust worth $21,792,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. 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. Venturi Wealth Management LLC increased its position in shares of First Industrial Realty Trust by 200.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 747 shares in the last quarter. Blue Trust Inc. raised its stake in shares of First Industrial Realty Trust by 30.7% in the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 292 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of First Industrial Realty Trust by 73.2% during 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 acquiring an additional 575 shares in the last quarter. Finally, FIL Ltd lifted its holdings in shares of 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 acquiring an additional 358 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Up 0.3%

FR opened at $49.54 on Monday. First Industrial Realty Trust, Inc. has a 12-month low of $40.31 and a 12-month high of $58.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The stock has a market capitalization of $6.56 billion, a PE ratio of 22.72 and a beta of 1.08. The firm’s fifty day moving average price is $50.47 and its 200 day moving average price is $52.03.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $177.07 million during the quarter, compared to analyst estimates of $176.98 million. As a group, research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FR shares. Scotiabank lowered 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 report on Monday, April 7th. The Goldman Sachs Group lowered their target price on First Industrial Realty Trust from $59.00 to $51.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada reduced their price target on First Industrial Realty Trust from $62.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Robert W. Baird lowered their price objective on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a “hold” rating and a $52.00 price objective on the stock. Six investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.