Smartleaf Asset Management LLC Has $68,000 Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Smartleaf Asset Management LLC raised its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 73.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,360 shares of the real estate investment trust’s stock after purchasing an additional 575 shares during the quarter. Smartleaf Asset Management LLC’s holdings in First Industrial Realty Trust were worth $68,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FR. Creative Planning acquired a new position in First Industrial Realty Trust during the third quarter valued at approximately $258,000. Howard Capital Management Group LLC acquired a new position in First Industrial Realty Trust during the third quarter valued at approximately $206,000. Farther Finance Advisors LLC grew its holdings in First Industrial Realty Trust by 77.4% during the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 417 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of First Industrial Realty Trust by 12.2% in the third quarter. Van ECK Associates Corp now owns 52,170 shares of the real estate investment trust’s stock valued at $2,881,000 after acquiring an additional 5,668 shares during the period. Finally, QRG Capital Management Inc. boosted its position in shares of First Industrial Realty Trust by 7.2% in the third quarter. QRG Capital Management Inc. now owns 12,329 shares of the real estate investment trust’s stock valued at $690,000 after acquiring an additional 828 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 0.2 %

FR opened at $57.51 on Monday. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $58.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The firm’s fifty day moving average price is $53.51 and its two-hundred day moving average price is $53.87. The company has a market capitalization of $7.61 billion, a P/E ratio of 26.38 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, beating 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%. On average, analysts anticipate 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. Stockholders of record on Monday, March 31st will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Monday, March 31st. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s payout ratio is currently 81.65%.

Wall Street Analyst Weigh In

FR has been the topic of several research analyst reports. Barclays lowered their price objective 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of 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. Robert W. Baird raised their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, First Industrial Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $58.31.

First Industrial Realty Trust Company 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.