First Industrial Realty Trust, Inc. (NYSE:FR) Position Increased by Boston Partners

Boston Partners increased its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 404,828 shares of the real estate investment trust’s stock after purchasing an additional 4,771 shares during the period. Boston Partners owned 0.31% of First Industrial Realty Trust worth $21,336,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Bessemer Group Inc. increased its position in First Industrial Realty Trust by 93.0% in the 1st quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 225 shares during the period. Alpine Bank Wealth Management acquired a new stake in First Industrial Realty Trust in the 1st quarter valued at approximately $26,000. Parallel Advisors LLC increased its position in First Industrial Realty Trust by 285.1% in the 1st quarter. Parallel Advisors LLC now owns 1,109 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 821 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in First Industrial Realty Trust in the 1st quarter valued at approximately $69,000. Finally, Fifth Third Bancorp increased its position in First Industrial Realty Trust by 22.2% in the 1st quarter. Fifth Third Bancorp now owns 1,297 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 236 shares during the period. Institutional investors own 99.85% of the company’s stock.

Analysts Set New Price Targets

FR has been the topic of several analyst reports. Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Barclays lowered their price target on First Industrial Realty Trust from $56.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. Scotiabank lifted their price target on First Industrial Realty Trust from $50.00 to $51.00 and gave the company a “sector perform” rating in a research report on Monday, May 12th. Wells Fargo & Company lowered their price target on First Industrial Realty Trust from $57.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, May 19th. Finally, Royal Bank Of Canada lowered their price target on First Industrial Realty Trust from $62.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.10.

First Industrial Realty Trust Stock Performance

Shares of NYSE FR opened at $48.89 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 23.85 and a beta of 1.04. The stock’s fifty day simple moving average is $49.13 and its 200 day simple moving average is $50.74. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $58.17.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $180.16 million for the quarter, compared to analysts’ expectations of $176.46 million. First Industrial Realty Trust had a return on equity of 9.92% and a net margin of 38.70%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. As a group, sell-side analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Tuesday, September 30th will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 86.83%.

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.