Kera Capital Partners Inc. Makes New Investment in First Industrial Realty Trust, Inc. (NYSE:FR)

Kera Capital Partners Inc. purchased a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,154 shares of the real estate investment trust’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in shares of First Industrial Realty Trust by 200.8% in the 4th 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 in the last quarter. Blue Trust Inc. boosted its holdings 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 buying an additional 292 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of First Industrial Realty Trust by 73.2% in the 4th 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 in the last quarter. FIL Ltd boosted its holdings in shares of First Industrial Realty Trust by 32.8% in the 4th quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 358 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of First Industrial Realty Trust in the 4th quarter valued at $85,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analysts Set New Price Targets

FR has been the subject of several research analyst reports. Scotiabank upped their target price on shares of First Industrial Realty Trust from $50.00 to $51.00 and gave the company a “sector perform” rating in a report on Monday, May 12th. Robert W. Baird reduced their price target on shares of First Industrial Realty Trust from $61.00 to $59.00 and set an “outperform” rating for the company in a research report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of First Industrial Realty Trust from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Wells Fargo & Company reduced their price target on shares of First Industrial Realty Trust from $57.00 to $54.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Finally, The Goldman Sachs Group reduced their price target on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, First Industrial Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

First Industrial Realty Trust Stock Up 1.5%

Shares of First Industrial Realty Trust stock opened at $49.75 on Friday. The company has a market cap of $6.59 billion, a P/E ratio of 22.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $58.17. The firm has a fifty day moving average of $48.83 and a two-hundred day moving average of $51.73.

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

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a yield of 3.58%. First Industrial Realty Trust’s payout ratio is currently 88.12%.

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.