Securian Asset Management Inc. Reduces Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Securian Asset Management Inc. lessened its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,005 shares of the real estate investment trust’s stock after selling 285 shares during the quarter. Securian Asset Management Inc.’s holdings in First Industrial Realty Trust were worth $502,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FR. Versant Capital Management Inc lifted its stake in First Industrial Realty Trust by 92.5% in the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 481 shares during the period. UMB Bank n.a. lifted its stake in First Industrial Realty Trust by 24.7% in the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 214 shares during the period. Venturi Wealth Management LLC lifted its stake in First Industrial Realty Trust by 200.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 747 shares during the period. Blue Trust Inc. lifted its stake in First Industrial Realty Trust by 30.7% in the fourth quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 292 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in First Industrial Realty Trust by 73.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 575 shares during the period. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

Shares of NYSE:FR opened at $55.53 on Tuesday. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $58.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The business has a fifty day moving average price of $54.17 and a 200-day moving average price of $53.84. The company has a market capitalization of $7.35 billion, a PE ratio of 25.47 and a beta of 1.07.

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

First Industrial Realty Trust Increases Dividend

The firm 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 a positive change 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 3.21%. First Industrial Realty Trust’s payout ratio is 81.65%.

Analyst Ratings Changes

A number of analysts recently commented on FR shares. Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price target for the company. The Goldman Sachs Group raised First Industrial Realty Trust from a “sell” rating to a “neutral” rating and raised their price target for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Robert W. Baird increased their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, Barclays decreased their price objective 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. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, First Industrial Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $58.31.

About First Industrial Realty Trust

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.