First Industrial Realty Trust, Inc. (NYSE:FR) Shares Purchased by Versor Investments LP

Versor Investments LP raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 497.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 35,460 shares of the real estate investment trust’s stock after buying an additional 29,524 shares during the quarter. Versor Investments LP’s holdings in First Industrial Realty Trust were worth $1,778,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FR. Synovus Financial Corp raised its stake in First Industrial Realty Trust by 96.3% during the 3rd quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust’s stock valued at $1,588,000 after acquiring an additional 13,922 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of First Industrial Realty Trust by 42.9% during the third quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust’s stock valued at $10,546,000 after purchasing an additional 58,088 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of First Industrial Realty Trust by 2,886.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 18,843 shares of the real estate investment trust’s stock valued at $1,055,000 after purchasing an additional 18,212 shares in the last quarter. Commerce Bank acquired a new stake in First Industrial Realty Trust in the third quarter worth about $4,817,000. Finally, JPMorgan Chase & Co. grew its position in First Industrial Realty Trust by 28.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock valued at $187,798,000 after buying an additional 747,101 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Price Performance

NYSE FR opened at $56.79 on Thursday. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35. The stock’s 50-day moving average price is $52.43 and its two-hundred day moving average price is $53.70. 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 company has a market cap of $7.52 billion, a PE ratio of 26.05 and a beta of 1.09.

First Industrial Realty Trust (NYSE:FR) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.36. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. On average, analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be given a $0.445 dividend. 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. This represents a $1.78 dividend on an annualized basis and a yield of 3.13%. First Industrial Realty Trust’s dividend payout ratio is presently 81.65%.

Analyst Ratings Changes

A number of research firms have commented on FR. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Robert W. Baird raised their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Barclays cut 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. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target 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 report on Friday, February 21st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, First Industrial Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $58.31.

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.