First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 66.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,185 shares of the real estate investment trust’s stock after selling 31,570 shares during the period. Y Intercept Hong Kong Ltd’s holdings in First Industrial Realty Trust were worth $906,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in First Industrial Realty Trust during the 3rd quarter valued at $28,000. Allspring Global Investments Holdings LLC boosted its stake in shares of First Industrial Realty Trust by 46.4% during the second 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 during the last quarter. UMB Bank n.a. increased its position in First Industrial Realty Trust by 116.2% during the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 466 shares in the last quarter. Blue Trust Inc. raised its stake in 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 valued at $53,000 after purchasing an additional 636 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in First Industrial Realty Trust by 77.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 417 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FR shares. Barclays lowered their price target on shares of 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. Wells Fargo & Company boosted their price target on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Mizuho raised their price objective 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. Finally, 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 research report on Monday, August 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, First Industrial Realty Trust has an average rating of “Moderate Buy” and an average price target of $57.83.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $52.08 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $57.35. The firm has a market capitalization of $6.89 billion, a P/E ratio of 22.35 and a beta of 1.07. The business’s 50-day simple moving average is $53.48 and its 200-day simple moving average is $52.55.

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 analysts’ consensus estimates of $0.67 by $0.08. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The firm had revenue of $167.60 million for the quarter, compared to analysts’ expectations of $164.01 million. During the same period in the previous year, the company posted $0.62 earnings per share. First Industrial Realty Trust’s revenue was up 8.1% compared to the same quarter last year. Equities analysts predict that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current year.

First Industrial Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.84%. The ex-dividend date is Tuesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) 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.