Fortem Financial Group LLC Raises Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Fortem Financial Group LLC raised its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,318 shares of the real estate investment trust’s stock after purchasing an additional 292 shares during the quarter. Fortem Financial Group LLC’s holdings in First Industrial Realty Trust were worth $517,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in First Industrial Realty Trust by 46.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System raised its holdings in First Industrial Realty Trust by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 37,050 shares of the real estate investment trust’s stock valued at $1,760,000 after buying an additional 698 shares during the period. Paralel Advisors LLC lifted its position in First Industrial Realty Trust by 63.3% in the second quarter. Paralel Advisors LLC now owns 41,260 shares of the real estate investment trust’s stock valued at $1,960,000 after buying an additional 16,000 shares during the last quarter. Choreo LLC acquired a new position in First Industrial Realty Trust in the second quarter valued at about $597,000. Finally, United Services Automobile Association acquired a new stake in shares of First Industrial Realty Trust during the second quarter valued at about $507,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Analyst Ratings Changes

FR has been the subject of a number of research reports. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Barclays cut their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $57.83.

First Industrial Realty Trust Stock Down 0.3 %

NYSE FR traded down $0.15 during trading on Monday, reaching $50.07. 380,330 shares of the company’s stock were exchanged, compared to its average volume of 560,769. The company has a 50 day moving average price of $52.23 and a two-hundred day moving average price of $53.02. The stock has a market cap of $6.63 billion, a P/E ratio of 21.49 and a beta of 1.07. 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 quick ratio of 1.11 and a current ratio of 1.11.

First Industrial Realty Trust (NYSE:FR) last posted 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. The firm had revenue of $167.60 million during the quarter, compared to analysts’ expectations of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 earnings per share. On average, equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently declared 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 of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.96%. First Industrial Realty Trust’s dividend payout ratio is currently 63.52%.

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.