1 week Ago By ABMN Staff
American Century Companies Inc. raised its stake in First Industrial Realty Trust, Inc. ( NYSE:FR – Free Report ) by 3.
4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,017 shares of the real estate investment trust’s stock after buying an additional 1,429 shares during the quarter. American Century Companies Inc.
’s holdings in First Industrial Realty Trust were worth $2,207,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its holdings in shares of First Industrial Realty Trust by 92.
5% during the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 481 shares during the last quarter. UMB Bank n.
a. raised its position in First Industrial Realty Trust by 24.7% during the fourth quarter.
UMB Bank n.a. now owns 1,081 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 214 shares in the last quarter.
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 valued at $56,000 after acquiring an additional 747 shares during the last quarter.
Blue Trust Inc. grew its position 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 in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of First Industrial Realty Trust by 73.
2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 99.
85% of the company’s stock. Wall Street Analysts Forecast Growth A number of brokerages recently issued reports on FR. The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $52.
00 to $59.00 in a report on Friday, February 21st. Barclays reiterated a “cautious” rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th.
Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price objective on the stock.
Scotiabank decreased their target price on First Industrial Realty Trust from $58.00 to $50.00 and set a “sector perform” rating for the company in a research report on Monday.
Finally, KeyCorp raised shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.
com, the company currently has a consensus rating of “Hold” and a consensus price target of $57.77. First Industrial Realty Trust Price Performance Shares of First Industrial Realty Trust stock opened at $42.
94 on Wednesday. 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 company has a market cap of $5.
68 billion, a PE ratio of 19.70 and a beta of 1.07.
The firm has a fifty day moving average price of $54.35 and a two-hundred day moving average price of $53.32.
First Industrial Realty Trust, Inc. has a fifty-two week low of $42.46 and a fifty-two week high of $58.
17. First Industrial Realty Trust ( NYSE:FR – Get Free Report ) last released its 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 net margin of 42.94% and a return on equity of 10.64%.
Analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.
First Industrial Realty Trust Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a dividend of $0.445 per share.
This represents a $1.78 annualized dividend and a dividend yield of 4.15%.
The ex-dividend date is Monday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37.
First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 81.65%. About First Industrial Realty Trust ( Free Report ) 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.
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