Atria Investments Inc Increases Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Atria Investments Inc boosted its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 10.3% in the 3rd quarter, Holdings Channel reports. The fund owned 8,421 shares of the real estate investment trust’s stock after purchasing an additional 783 shares during the period. Atria Investments Inc’s holdings in First Industrial Realty Trust were worth $471,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Land & Buildings Investment Management LLC lifted its holdings in shares of First Industrial Realty Trust by 256.4% during the 2nd quarter. Land & Buildings Investment Management LLC now owns 808,212 shares of the real estate investment trust’s stock worth $38,398,000 after acquiring an additional 581,472 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of First Industrial Realty Trust in the 2nd quarter valued at $23,755,000. Bank of Montreal Can grew its stake in shares of First Industrial Realty Trust by 442.8% during the 2nd quarter. Bank of Montreal Can now owns 559,132 shares of the real estate investment trust’s stock valued at $26,570,000 after buying an additional 456,124 shares during the period. BROOKFIELD Corp ON grew its stake in shares of First Industrial Realty Trust by 479.8% during the 1st quarter. BROOKFIELD Corp ON now owns 486,178 shares of the real estate investment trust’s stock valued at $25,544,000 after buying an additional 402,331 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of First Industrial Realty Trust by 84.4% during the 2nd 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 last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Wolfe Research upgraded shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 price target on the stock in a report on Tuesday, August 13th. Barclays reduced 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 report on Monday. Mizuho increased their price objective on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Finally, Scotiabank upped their price target on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.83.

First Industrial Realty Trust Trading Down 0.4 %

Shares of FR opened at $52.77 on Thursday. First Industrial Realty Trust, Inc. has a one year low of $44.66 and a one year high of $57.35. The stock has a 50-day moving average price of $54.46 and a 200 day moving average price of $51.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $6.98 billion, a P/E ratio of 22.65 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $167.60 million during the quarter, compared to analyst estimates of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. First Industrial Realty Trust’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. Sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 63.52%.

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.