First Industrial Realty Trust, Inc. (NYSE:FR) Shares Acquired by Boston Common Asset Management LLC

Boston Common Asset Management LLC increased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 28.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,028 shares of the real estate investment trust’s stock after acquiring an additional 18,749 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.06% of First Industrial Realty Trust worth $4,212,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in First Industrial Realty Trust in the 3rd quarter valued at $28,000. UMB Bank n.a. increased its stake in First Industrial Realty Trust by 116.2% in the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 466 shares during the period. Versant Capital Management Inc increased its stake 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 valued at $50,000 after buying an additional 481 shares during the period. Blue Trust Inc. increased its stake in First Industrial Realty Trust by 201.9% in the 3rd quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 636 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in First Industrial Realty Trust by 77.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 417 shares during the period. 99.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FR has been the topic of several recent research reports. KeyCorp raised shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Barclays lowered their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of First Industrial Realty Trust in a research note on Tuesday. They set a “hold” rating and a $52.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $57.38.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock opened at $50.76 on Friday. First Industrial Realty Trust, Inc. has a 52 week low of $45.10 and a 52 week high of $57.35. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm’s 50-day simple moving average is $51.60 and its 200 day simple moving average is $53.15. The firm has a market capitalization of $6.72 billion, a PE ratio of 21.78 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The business had revenue of $167.60 million for the quarter, compared to analyst estimates of $164.01 million. During the same period in the previous year, the firm earned $0.62 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that First Industrial Realty Trust, Inc. will post 2.63 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 Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.92%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 63.52%.

About First Industrial Realty Trust

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.