Virtus ETF Advisers LLC Has $160,000 Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Virtus ETF Advisers LLC lessened its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,186 shares of the real estate investment trust’s stock after selling 284 shares during the period. Virtus ETF Advisers LLC’s holdings in First Industrial Realty Trust were worth $160,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Versant Capital Management Inc increased its holdings in First Industrial Realty Trust by 92.5% in the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 481 shares in the last quarter. UMB Bank n.a. raised its holdings in First Industrial Realty Trust by 24.7% during the 4th 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. Venturi Wealth Management LLC lifted its holdings 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 buying an additional 747 shares during the period. Blue Trust Inc. lifted its stake in shares of First Industrial Realty Trust by 30.7% in the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 292 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in First Industrial Realty Trust by 73.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 575 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FR has been the topic of a number of research analyst reports. Scotiabank cut their price objective on shares of First Industrial Realty Trust from $58.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Monday, April 7th. Barclays reaffirmed a “cautious” rating on shares of First Industrial Realty Trust in a report on Tuesday, March 25th. The Goldman Sachs Group reduced their target price on First Industrial Realty Trust from $59.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Robert W. Baird raised their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft initiated 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. One 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 an average rating of “Hold” and a consensus price target of $57.83.

First Industrial Realty Trust Trading Down 0.7 %

Shares of FR stock opened at $47.29 on Monday. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $58.17. The business’s fifty day moving average is $52.06 and its 200 day moving average is $52.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. The company has a market capitalization of $6.26 billion, a PE ratio of 21.69 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). The business had revenue of $177.07 million for the quarter, compared to the consensus estimate of $176.98 million. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. On average, equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, March 31st were given a dividend of $0.445 per share. The ex-dividend date was Monday, March 31st. This represents a $1.78 annualized dividend and a dividend yield of 3.76%. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s dividend payout ratio (DPR) is 88.12%.

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.