Liberty One Investment Management LLC Grows Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Liberty One Investment Management LLC raised its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,959 shares of the real estate investment trust’s stock after purchasing an additional 6,079 shares during the quarter. Liberty One Investment Management LLC’s holdings in First Industrial Realty Trust were worth $4,259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in FR. American Century Companies Inc. lifted its holdings in shares of First Industrial Realty Trust by 10.0% in the 2nd quarter. American Century Companies Inc. now owns 42,763 shares of the real estate investment trust’s stock valued at $2,032,000 after acquiring an additional 3,884 shares during the last quarter. Envestnet Asset Management Inc. raised its position in First Industrial Realty Trust by 4.5% during the second quarter. Envestnet Asset Management Inc. now owns 215,455 shares of the real estate investment trust’s stock valued at $10,236,000 after purchasing an additional 9,188 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of First Industrial Realty Trust by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust’s stock valued at $96,133,000 after purchasing an additional 118,239 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of First Industrial Realty Trust by 77.7% in the 2nd quarter. Renaissance Technologies LLC now owns 143,400 shares of the real estate investment trust’s stock worth $6,813,000 after purchasing an additional 62,700 shares during the period. Finally, XTX Topco Ltd increased its position in shares of First Industrial Realty Trust by 23.5% during the 2nd quarter. XTX Topco Ltd now owns 13,627 shares of the real estate investment trust’s stock valued at $647,000 after purchasing an additional 2,597 shares during the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FR has been the topic of several recent analyst reports. KeyCorp raised 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 report on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price objective on the stock. Finally, Barclays dropped their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $57.38.

First Industrial Realty Trust Price Performance

Shares of FR stock opened at $50.76 on Friday. The stock’s 50-day moving average is $51.60 and its 200 day moving average is $53.19. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $57.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $6.72 billion, a P/E ratio of 21.78 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $167.60 million for the quarter, compared to analysts’ expectations 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 was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.92%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 63.52%.

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.