Entropy Technologies LP Buys Shares of 10,827 First Industrial Realty Trust, Inc. (NYSE:FR)

Entropy Technologies LP bought a new stake in First Industrial Realty Trust, Inc. (NYSE:FR) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 10,827 shares of the real estate investment trust’s stock, valued at approximately $606,000.

A number of other institutional investors also recently bought and sold shares of FR. Land & Buildings Investment Management LLC lifted its holdings in First Industrial Realty Trust by 256.4% in the second quarter. Land & Buildings Investment Management LLC now owns 808,212 shares of the real estate investment trust’s stock valued at $38,398,000 after acquiring an additional 581,472 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of First Industrial Realty Trust in the second quarter worth about $23,755,000. Bank of Montreal Can raised its stake in shares of First Industrial Realty Trust by 442.8% in the second quarter. Bank of Montreal Can now owns 559,132 shares of the real estate investment trust’s stock worth $26,570,000 after buying an additional 456,124 shares during the period. BROOKFIELD Corp ON raised its stake in shares of First Industrial Realty Trust by 479.8% in the first quarter. BROOKFIELD Corp ON now owns 486,178 shares of the real estate investment trust’s stock worth $25,544,000 after buying an additional 402,331 shares during the period. Finally, National Bank of Canada FI raised its stake in shares of First Industrial Realty Trust by 84.4% in the second quarter. National Bank of Canada FI now owns 876,000 shares of the real estate investment trust’s stock worth $41,286,000 after buying an additional 401,000 shares during the period. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Down 2.2 %

Shares of NYSE:FR opened at $52.44 on Friday. First Industrial Realty Trust, Inc. has a 12-month low of $44.17 and a 12-month high of $57.35. The business’s fifty day simple moving average is $54.76 and its 200-day simple moving average is $51.76. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $6.94 billion, a PE ratio of 22.61 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The firm had revenue of $167.60 million for the quarter, compared to the consensus estimate of $164.01 million. During the same period in the previous year, the business earned $0.62 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.82%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 63.52%.

Analyst Ratings Changes

Several research firms have recently commented on FR. Truist Financial raised their price objective on First Industrial Realty Trust from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Royal Bank of Canada raised their price objective on First Industrial Realty Trust from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. raised their price objective on First Industrial Realty Trust from $53.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price target on First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Barclays raised their price target on First Industrial Realty Trust from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.92.

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.