Money Concepts Capital Corp Buys 770 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Money Concepts Capital Corp lifted its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,273 shares of the real estate investment trust’s stock after buying an additional 770 shares during the quarter. Money Concepts Capital Corp’s holdings in First Industrial Realty Trust were worth $715,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FR. JPMorgan Chase & Co. grew its position in shares of First Industrial Realty Trust by 28.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock valued at $187,798,000 after acquiring an additional 747,101 shares during the period. Geode Capital Management LLC grew its holdings in First Industrial Realty Trust by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust’s stock worth $138,214,000 after purchasing an additional 15,093 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in First Industrial Realty Trust by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust’s stock worth $122,182,000 after purchasing an additional 81,826 shares during the period. Rush Island Management LP acquired a new position in First Industrial Realty Trust during the third quarter worth approximately $60,848,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in First Industrial Realty Trust by 290.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust’s stock valued at $50,105,000 after buying an additional 665,920 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Trading Up 0.1 %

Shares of FR stock opened at $53.79 on Thursday. The stock has a market cap of $7.12 billion, a P/E ratio of 23.09 and a beta of 1.09. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a 50 day simple moving average of $51.56 and a 200 day simple moving average of $53.49.

First Industrial Realty Trust (NYSE:FR) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. On average, research analysts predict that First Industrial Realty Trust, Inc. will post 2.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FR has been the subject of several research analyst reports. Barclays reduced their target price on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a “hold” rating and a $52.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $57.38.

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.