Graham Capital Management L.P. Buys Shares of 12,341 First Industrial Realty Trust, Inc. (NYSE:FR)

Graham Capital Management L.P. bought a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the fourth quarter, HoldingsChannel reports. The fund bought 12,341 shares of the real estate investment trust’s stock, valued at approximately $619,000.

Other institutional investors also recently modified their holdings of the company. Focus Partners Wealth increased its stake in shares of First Industrial Realty Trust by 1.0% in the fourth quarter. Focus Partners Wealth now owns 88,265 shares of the real estate investment trust’s stock valued at $4,425,000 after buying an additional 855 shares during the period. FORA Capital LLC acquired a new position in First Industrial Realty Trust in the 4th quarter valued at approximately $824,000. FJ Capital Management LLC raised its stake in shares of First Industrial Realty Trust by 5.0% during the fourth quarter. FJ Capital Management LLC now owns 21,741 shares of the real estate investment trust’s stock valued at $1,090,000 after acquiring an additional 1,032 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of First Industrial Realty Trust by 56.1% during the fourth quarter. Deutsche Bank AG now owns 1,878,628 shares of the real estate investment trust’s stock worth $94,176,000 after purchasing an additional 675,306 shares during the period. Finally, EP Wealth Advisors LLC grew its stake in shares of First Industrial Realty Trust by 4.2% in the fourth quarter. EP Wealth Advisors LLC now owns 9,489 shares of the real estate investment trust’s stock worth $476,000 after purchasing an additional 385 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FR has been the subject of several analyst reports. Scotiabank raised their target price on First Industrial Realty Trust from $50.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Monday. The Goldman Sachs Group cut their price objective on First Industrial Realty Trust from $59.00 to $51.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Truist Financial decreased their target price on shares of First Industrial Realty Trust from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Royal Bank of Canada lowered their price target on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Finally, Barclays reduced their price objective on shares of 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. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.58.

First Industrial Realty Trust Trading Down 1.0%

NYSE:FR opened at $50.36 on Thursday. 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 current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 23.10 and a beta of 1.08. The firm has a fifty day simple moving average of $50.20 and a two-hundred day simple moving average of $52.01.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data 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 return on equity of 10.64% and a net margin of 42.94%. The company had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. Analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be paid a $0.445 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.53%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 88.12%.

First Industrial Realty Trust Company 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.