Natixis Advisors LLC Has $1.43 Million Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Natixis Advisors LLC increased its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,497 shares of the real estate investment trust’s stock after purchasing an additional 2,783 shares during the period. Natixis Advisors LLC’s holdings in First Industrial Realty Trust were worth $1,427,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FR. Victory Capital Management Inc. boosted its holdings in First Industrial Realty Trust by 7.3% during the second quarter. Victory Capital Management Inc. now owns 2,177,761 shares of the real estate investment trust’s stock worth $103,465,000 after buying an additional 148,996 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in First Industrial Realty Trust by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust’s stock worth $96,133,000 after acquiring an additional 118,239 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in First Industrial Realty Trust by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,321,315 shares of the real estate investment trust’s stock worth $62,776,000 after acquiring an additional 11,522 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in First Industrial Realty Trust by 2.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust’s stock valued at $61,632,000 after purchasing an additional 26,353 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in First Industrial Realty Trust by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 973,441 shares of the real estate investment trust’s stock valued at $46,248,000 after purchasing an additional 8,062 shares in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FR has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on shares of First Industrial Realty Trust from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Mizuho lifted their target price on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Barclays lowered their price target on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Scotiabank lifted their price objective on First Industrial Realty Trust from $55.00 to $58.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Finally, Wells Fargo & Company boosted their price objective 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.83.

First Industrial Realty Trust Price Performance

Shares of FR opened at $53.85 on Wednesday. The company has a 50 day moving average of $54.26 and a 200-day moving average of $52.15. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $7.13 billion, a P/E ratio of 23.38 and a beta of 1.08. First Industrial Realty Trust, Inc. has a twelve month low of $45.02 and a twelve month high of $57.35.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $167.60 million for the quarter, compared to the consensus estimate of $164.01 million. During the same quarter in the previous year, the business earned $0.62 earnings per share. First Industrial Realty Trust’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust’s payout ratio is presently 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.