First Industrial Realty Trust, Inc. (NYSE:FR) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. raised its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 13.0% during the 4th quarter, Holdings Channel reports. The firm owned 90,142 shares of the real estate investment trust’s stock after acquiring an additional 10,345 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in First Industrial Realty Trust were worth $4,519,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in First Industrial Realty Trust by 92.5% in the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 481 shares during the last quarter. UMB Bank n.a. grew its holdings in First Industrial Realty Trust by 24.7% in the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 214 shares during the last quarter. Venturi Wealth Management LLC lifted 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 valued at $56,000 after acquiring an additional 747 shares in the last quarter. Blue Trust Inc. lifted its position in shares of 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 valued at $62,000 after acquiring an additional 292 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of First Industrial Realty Trust by 73.2% in the fourth 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. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FR. KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Robert W. Baird upped their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft began coverage on 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, The Goldman Sachs Group upgraded First Industrial Realty Trust from a “sell” rating to a “neutral” rating and upped their price objective for the company from $52.00 to $59.00 in a research report on Friday, February 21st. Seven investment 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.com, First Industrial Realty Trust has an average rating of “Moderate Buy” and an average price target of $58.31.

First Industrial Realty Trust Stock Performance

First Industrial Realty Trust stock opened at $54.95 on Friday. The stock’s 50-day moving average is $54.51 and its 200-day moving average is $53.85. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 25.21 and a beta of 1.07. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. First Industrial Realty Trust, Inc. has a 12 month low of $45.10 and a 12 month high of $58.17.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. Equities analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.24%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is 81.65%.

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.