First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 5.5% during the fourth quarter, Holdings Channel reports. The fund owned 846,126 shares of the real estate investment trust’s stock after selling 48,920 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in First Industrial Realty Trust were worth $42,416,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FR. Venturi Wealth Management LLC grew its stake in First Industrial Realty Trust by 200.8% in the 4th 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 during the period. Blue Trust Inc. grew its stake in 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 worth $62,000 after acquiring an additional 292 shares during the period. Smartleaf Asset Management LLC grew its stake in First Industrial Realty Trust by 73.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 575 shares during the period. FIL Ltd grew its stake in First Industrial Realty Trust by 32.8% in the 4th quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 358 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in First Industrial Realty Trust in the 4th quarter worth approximately $85,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Down 0.7%

Shares of FR stock opened at $48.13 on Monday. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 22.08 and a beta of 1.08. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a fifty-two week low of $40.31 and a fifty-two week high of $58.17. The firm’s 50 day moving average price is $49.27 and its two-hundred day moving average price is $51.83.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). The business had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. On average, analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 30th will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust’s payout ratio is 88.12%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial lowered 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 note on Monday, May 5th. Royal Bank of Canada dropped their price objective on shares of First Industrial Realty Trust from $62.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. JPMorgan Chase & Co. dropped their price objective on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Wells Fargo & Company dropped their price objective on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. Finally, Barclays dropped their price objective on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, First Industrial Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $56.00.

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.