JustInvest LLC Sells 4,375 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

JustInvest LLC cut its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 38.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,989 shares of the real estate investment trust’s stock after selling 4,375 shares during the period. JustInvest LLC’s holdings in First Industrial Realty Trust were worth $364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FR. HighTower Advisors LLC boosted its position in shares of First Industrial Realty Trust by 5.5% during the second quarter. HighTower Advisors LLC now owns 5,633 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 296 shares in the last quarter. WINTON GROUP Ltd raised its stake in First Industrial Realty Trust by 14.9% during the second quarter. WINTON GROUP Ltd now owns 13,954 shares of the real estate investment trust’s stock valued at $729,000 after buying an additional 1,811 shares during the last quarter. Rafferty Asset Management LLC raised its stake in First Industrial Realty Trust by 51.9% during the second quarter. Rafferty Asset Management LLC now owns 10,328 shares of the real estate investment trust’s stock valued at $539,000 after buying an additional 3,531 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in First Industrial Realty Trust by 15.6% during the second quarter. BNP Paribas Arbitrage SA now owns 300,020 shares of the real estate investment trust’s stock valued at $15,670,000 after buying an additional 40,396 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in First Industrial Realty Trust during the second quarter valued at $213,000. Institutional investors own 93.35% of the company’s stock.

In other First Industrial Realty Trust news, CIO Johannson L. Yap sold 10,000 shares of the business’s stock in a transaction dated Friday, December 17th. The stock was sold at an average price of $64.12, for a total transaction of $641,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.29% of the company’s stock.

First Industrial Realty Trust stock opened at $62.41 on Friday. The stock has a market cap of $8.13 billion, a PE ratio of 33.55 and a beta of 0.90. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.88 and a current ratio of 0.88. First Industrial Realty Trust, Inc. has a one year low of $40.08 and a one year high of $66.74. The stock has a fifty day moving average of $62.56 and a 200 day moving average of $57.64.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Tuesday, October 19th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.16). The firm had revenue of $121.08 million for the quarter, compared to analysts’ expectations of $117.95 million. First Industrial Realty Trust had a net margin of 51.46% and a return on equity of 12.01%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. As a group, sell-side analysts predict that First Industrial Realty Trust, Inc. will post 1.96 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Friday, December 31st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 58.06%.

A number of research analysts have issued reports on the company. TD Securities upgraded First Industrial Realty Trust to a “buy” rating and lowered their price objective for the company from $19.50 to $18.00 in a research note on Tuesday, December 7th. Mizuho cut First Industrial Realty Trust from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $54.00 to $64.00 in a research note on Thursday. BMO Capital Markets lowered their price objective on First Industrial Realty Trust from $13.75 to $13.25 and set a “market perform” rating for the company in a research note on Friday, December 3rd. Truist lifted their price objective on First Industrial Realty Trust from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, October 25th. They noted that the move was a valuation call. Finally, Berenberg Bank initiated coverage on First Industrial Realty Trust in a research note on Wednesday, October 20th. They issued a “buy” rating and a $66.00 price target for the company. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $53.44.

First Industrial Realty Trust Profile

First Industrial Realty Trust, Inc operates as a real estate investment trust. It engages in the ownership, management, acquisition, sale, development and redevelopment of industrial real estate. The firm product portfolio includes bulk warehouse, regional warehouse, R&D/flex, and light industrial properties.

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Institutional Ownership by Quarter for First Industrial Realty Trust (NYSE:FR)

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