Fortem Financial Group LLC Raises Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Fortem Financial Group LLC lifted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,318 shares of the real estate investment trust’s stock after purchasing an additional 292 shares during the quarter. Fortem Financial Group LLC’s holdings in First Industrial Realty Trust were worth $517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of First Industrial Realty Trust by 28.7% in 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 last quarter. Geode Capital Management LLC raised its stake in First Industrial Realty Trust by 0.6% during the 3rd 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 acquiring an additional 15,093 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in First Industrial Realty Trust by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust’s stock valued at $122,182,000 after acquiring an additional 81,826 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in First Industrial Realty Trust by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,023,449 shares of the real estate investment trust’s stock worth $96,133,000 after acquiring an additional 118,239 shares during the period. Finally, Rush Island Management LP purchased a new position in shares of First Industrial Realty Trust in the 3rd quarter valued at approximately $60,848,000. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Price Performance

FR traded down $0.15 during trading on Monday, reaching $50.07. 380,330 shares of the stock were exchanged, compared to its average volume of 560,769. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 21.49 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35. The business’s 50 day moving average price is $52.23 and its two-hundred day moving average price is $53.02.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS 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 prior year, the company earned $0.62 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 earnings per share 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. Investors of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.96%. First Industrial Realty Trust’s dividend payout ratio is currently 63.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FR shares. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Barclays reduced their target price on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $57.83.

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.