Asset Management One Co. Ltd. Increases Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Asset Management One Co. Ltd. increased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,843 shares of the real estate investment trust’s stock after acquiring an additional 9,090 shares during the quarter. Asset Management One Co. Ltd.’s holdings in First Industrial Realty Trust were worth $11,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Sanctuary Advisors LLC bought a new stake in First Industrial Realty Trust in the second quarter worth $271,000. Creative Planning purchased a new position in shares of First Industrial Realty Trust in the 3rd quarter worth about $258,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in First Industrial Realty Trust by 7.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,659 shares of the real estate investment trust’s stock worth $1,380,000 after purchasing an additional 1,751 shares in the last quarter. Howard Capital Management Group LLC purchased a new stake in First Industrial Realty Trust during the 3rd quarter valued at about $206,000. Finally, V Square Quantitative Management LLC bought a new stake in First Industrial Realty Trust during the 3rd quarter valued at about $28,000. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Price Performance

NYSE FR opened at $55.60 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 firm has a market capitalization of $7.36 billion, a P/E ratio of 25.51 and a beta of 1.09. The company has a 50-day moving average price of $51.93 and a 200-day moving average price of $53.56. First Industrial Realty Trust, Inc. has a 52 week low of $45.10 and a 52 week high of $57.35.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share 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 issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 3.20%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. First Industrial Realty Trust’s dividend payout ratio is currently 67.89%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Barclays dropped their target price 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. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.