Segall Bryant & Hamill LLC Purchases 8,973 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Segall Bryant & Hamill LLC increased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,813 shares of the real estate investment trust’s stock after purchasing an additional 8,973 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.24% of First Industrial Realty Trust worth $15,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of FR. Vanguard Group Inc. increased its position in First Industrial Realty Trust by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust’s stock valued at $962,039,000 after purchasing an additional 304,589 shares during the period. JPMorgan Chase & Co. increased its position in shares of First Industrial Realty Trust by 28.7% during the third quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock valued at $187,798,000 after buying an additional 747,101 shares during the period. Geode Capital Management LLC increased its position in shares of First Industrial Realty Trust by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust’s stock valued at $138,214,000 after buying an additional 15,093 shares during the period. Charles Schwab Investment Management Inc. raised its stake in First Industrial Realty Trust by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,205,880 shares of the real estate investment trust’s stock worth $110,581,000 after buying an additional 23,280 shares in the last quarter. Finally, Rush Island Management LP purchased a new stake in First Industrial Realty Trust in the third quarter worth about $60,848,000. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Stock Performance

FR stock opened at $54.13 on Wednesday. The stock’s 50 day simple moving average is $54.80 and its 200 day simple moving average is $53.75. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $58.17. The stock has a market capitalization of $7.17 billion, a PE ratio of 24.83 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be paid a $0.445 dividend. 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. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.29%. First Industrial Realty Trust’s payout ratio is currently 81.65%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FR shares. Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a research report on Tuesday, January 14th. They issued a “hold” rating and a $52.00 target price for the company. Robert W. Baird raised their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. 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. Barclays increased their price target on shares of First Industrial Realty Trust from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.38.

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.