First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 28.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,693 shares of the real estate investment trust’s stock after selling 1,444 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in First Industrial Realty Trust were worth $186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of FR. abrdn plc boosted its position in First Industrial Realty Trust by 26.2% during the fourth quarter. abrdn plc now owns 34,263 shares of the real estate investment trust’s stock worth $1,716,000 after purchasing an additional 7,117 shares in the last quarter. KBC Group NV boosted its holdings in First Industrial Realty Trust by 1,669.2% in the fourth quarter. KBC Group NV now owns 59,657 shares of the real estate investment trust’s stock valued at $2,991,000 after purchasing an additional 56,285 shares during the last quarter. Blue Trust Inc. lifted its holdings in First Industrial Realty Trust by 30.7% during the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 292 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of First Industrial Realty Trust by 13.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,827 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 331 shares during the period. Finally, Inspire Investing LLC increased its position in First Industrial Realty Trust by 9.0% in the 4th quarter. Inspire Investing LLC now owns 8,038 shares of the real estate investment trust’s stock valued at $403,000 after acquiring an additional 667 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

FR stock opened at $55.88 on Friday. The company has a market cap of $7.40 billion, a P/E ratio of 25.63 and a beta of 1.09. First Industrial Realty Trust, Inc. has a twelve month low of $45.10 and a twelve month high of $57.35. 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 business’s fifty day moving average is $51.77 and its 200-day moving average is $53.55.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. Equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be paid a $0.445 dividend. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Monday, March 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is 81.65%.

Wall Street Analyst Weigh In

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

First Industrial Realty Trust 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.