Deutsche Bank AG Raises Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Deutsche Bank AG boosted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 56.1% in the fourth quarter, HoldingsChannel reports. The firm owned 1,878,628 shares of the real estate investment trust’s stock after buying an additional 675,306 shares during the period. Deutsche Bank AG’s holdings in First Industrial Realty Trust were worth $94,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in FR. UMB Bank n.a. increased its holdings in shares of 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 valued at $54,000 after purchasing an additional 214 shares in the last quarter. Venturi Wealth Management LLC increased 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 in the last quarter. Blue Trust Inc. increased its holdings in First Industrial Realty Trust by 30.7% in the fourth 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 stake in shares of First Industrial Realty Trust by 73.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 575 shares in the last quarter. Finally, FIL Ltd boosted its stake in shares of First Industrial Realty Trust by 32.8% during the 4th quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 358 shares in the last quarter. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Trading Up 0.3%

Shares of FR opened at $49.54 on Monday. First Industrial Realty Trust, Inc. has a 52-week low of $40.31 and a 52-week high of $58.17. The stock has a market cap of $6.56 billion, a PE ratio of 22.72 and a beta of 1.08. The firm’s fifty day moving average is $50.47 and its two-hundred day moving average is $52.03. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80.

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

First Industrial Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on First Industrial Realty Trust from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Truist Financial cut their price objective on First Industrial Realty Trust from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Royal Bank of Canada decreased their target price 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. Barclays cut their price target on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Finally, Scotiabank decreased 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 report on Monday, April 7th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, First Industrial Realty Trust has an average rating of “Moderate Buy” and a consensus target price 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.