Xponance Inc. Purchases 805 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Xponance Inc. boosted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 5.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,053 shares of the real estate investment trust’s stock after acquiring an additional 805 shares during the quarter. Xponance Inc.’s holdings in First Industrial Realty Trust were worth $755,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its position in shares of First Industrial Realty Trust by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 210 shares during the period. UMB Bank n.a. grew its stake in shares of First Industrial Realty Trust by 24.7% in the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 214 shares during the last quarter. Principal Securities Inc. increased its holdings in First Industrial Realty Trust by 9.3% during the 4th quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 269 shares during the period. Stifel Financial Corp raised its position in First Industrial Realty Trust by 1.1% during the 3rd quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust’s stock valued at $1,450,000 after purchasing an additional 278 shares during the last quarter. Finally, Fortem Financial Group LLC lifted its holdings in First Industrial Realty Trust by 2.9% in the 4th quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust’s stock worth $517,000 after buying an additional 292 shares during the period. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FR shares. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. 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. Robert W. Baird lifted their target price on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.31.

First Industrial Realty Trust Stock Up 1.5 %

Shares of NYSE:FR opened at $54.31 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $54.71 and a two-hundred day simple moving average of $53.77. 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 $7.19 billion, a price-to-earnings ratio of 24.91 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, topping analysts’ consensus estimates 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%. On average, research analysts anticipate 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 company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 annualized dividend and a dividend yield of 3.28%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s dividend payout ratio (DPR) is 81.65%.

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.