EP Wealth Advisors LLC Purchases 385 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

EP Wealth Advisors LLC boosted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,489 shares of the real estate investment trust’s stock after purchasing an additional 385 shares during the period. EP Wealth Advisors LLC’s holdings in First Industrial Realty Trust were worth $476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in First Industrial Realty Trust by 1.6% in the fourth 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. Invesco Ltd. increased its holdings in First Industrial Realty Trust by 80.2% in the fourth quarter. Invesco Ltd. now owns 4,276,906 shares of the real estate investment trust’s stock valued at $214,401,000 after purchasing an additional 1,903,164 shares during the period. Geode Capital Management LLC increased its holdings in First Industrial Realty Trust by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,482,693 shares of the real estate investment trust’s stock valued at $124,492,000 after purchasing an additional 14,298 shares during the period. Alliancebernstein L.P. increased its holdings in First Industrial Realty Trust by 5.7% in the fourth quarter. Alliancebernstein L.P. now owns 2,432,120 shares of the real estate investment trust’s stock valued at $121,922,000 after purchasing an additional 130,819 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 valued at $110,581,000 after purchasing an additional 23,280 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

Shares of FR opened at $49.54 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The stock has a 50-day moving average of $50.47 and a 200-day moving average of $52.03. The company has a market cap of $6.56 billion, a PE ratio of 22.72 and a beta of 1.08. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $58.17.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.02). The firm had revenue of $177.07 million during the quarter, compared to analyst estimates 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 predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 30th will be paid a $0.445 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.78 annualized dividend and a dividend yield of 3.59%. First Industrial Realty Trust’s dividend payout ratio is presently 88.12%.

Analyst Ratings Changes

A number of analysts recently weighed in on FR shares. Truist Financial decreased their price objective on First Industrial Realty Trust from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target for the company. Scotiabank decreased their price target on First Industrial Realty Trust from $58.00 to $50.00 and set a “sector perform” rating for the company in a report on Monday, April 7th. Royal Bank of Canada decreased their price target on First Industrial Realty Trust from $62.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. decreased their price target on First Industrial Realty Trust from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.50.

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.