Entropy Technologies LP Boosts Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Entropy Technologies LP lifted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 338.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 47,442 shares of the real estate investment trust’s stock after acquiring an additional 36,615 shares during the quarter. Entropy Technologies LP’s holdings in First Industrial Realty Trust were worth $2,378,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in First Industrial Realty Trust during the second quarter valued at about $271,000. GAMMA Investing LLC lifted its stake in shares of First Industrial Realty Trust by 132.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,103 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 629 shares during the last quarter. UMB Bank n.a. grew its position in First Industrial Realty Trust by 116.2% during the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 466 shares during the last quarter. Creative Planning purchased a new position in First Industrial Realty Trust in the 3rd quarter worth approximately $258,000. Finally, Kapitalo Investimentos Ltda bought a new stake in First Industrial Realty Trust in the third quarter valued at approximately $253,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

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

First Industrial Realty Trust Price Performance

Shares of FR stock opened at $54.87 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 25.17 and a beta of 1.09. The business’s fifty day moving average is $51.61 and its 200 day moving average is $53.50. First Industrial Realty Trust, Inc. has a twelve month low of $45.10 and a twelve month high of $57.35.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, topping the consensus estimate of $0.35 by $0.36. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. Research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be paid a $0.445 dividend. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Monday, March 31st. First Industrial Realty Trust’s dividend payout ratio is currently 81.65%.

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.