BNP Paribas Financial Markets Purchases 53,266 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

BNP Paribas Financial Markets increased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 77.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,655 shares of the real estate investment trust’s stock after acquiring an additional 53,266 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of First Industrial Realty Trust worth $6,810,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FR. V Square Quantitative Management LLC bought a new position in shares of First Industrial Realty Trust during the third quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC boosted its position in First Industrial Realty Trust by 46.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of First Industrial Realty Trust by 116.2% in the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 466 shares during the period. Blue Trust Inc. raised its position in shares of First Industrial Realty Trust by 201.9% in the 3rd quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 636 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of First Industrial Realty Trust by 77.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 417 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FR shares. Wells Fargo & Company lifted their target price on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Scotiabank raised their target price on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Barclays reduced their price target on 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, November 18th. Wolfe Research upgraded First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 price objective for the company in a report on Tuesday, August 13th. Finally, Truist Financial lifted their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, First Industrial Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $57.83.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $52.98 on Tuesday. The firm has a market capitalization of $7.01 billion, a P/E ratio of 22.74 and a beta of 1.08. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $57.35. The stock has a 50-day simple moving average of $54.02 and a two-hundred day simple moving average of $52.35. 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 announced its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $164.01 million. During the same quarter in the previous year, the business earned $0.62 EPS. First Industrial Realty Trust’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts forecast that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust’s dividend payout ratio 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.