Envestnet Portfolio Solutions Inc. Grows Stock Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Envestnet Portfolio Solutions Inc. raised its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 13.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 12,511 shares of the real estate investment trust’s stock after acquiring an additional 1,443 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Industrial Realty Trust were worth $627,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc lifted its stake in shares of First Industrial Realty Trust by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 210 shares in the last quarter. UMB Bank n.a. increased its position in shares of First Industrial Realty Trust by 24.7% in the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 214 shares in the last quarter. Principal Securities Inc. raised its stake in shares of First Industrial Realty Trust by 9.3% in the 4th quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 269 shares during the period. Stifel Financial Corp increased its holdings in First Industrial Realty Trust by 1.1% in the 3rd quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust’s stock valued at $1,450,000 after purchasing an additional 278 shares in the last quarter. Finally, Fortem Financial Group LLC raised its position in First Industrial Realty Trust by 2.9% in the fourth quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust’s stock valued at $517,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

FR opened at $54.31 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $58.17. The company has a 50-day moving average of $54.71 and a 200-day moving average of $53.77. The company has a market capitalization of $7.19 billion, a P/E ratio of 24.91 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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 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 firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be paid a dividend of $0.445 per share. 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. This represents a $1.78 annualized dividend and a yield of 3.28%. First Industrial Realty Trust’s payout ratio is presently 81.65%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group upgraded First Industrial Realty Trust from a “sell” rating to a “neutral” rating and raised their target price for the company from $52.00 to $59.00 in a report on Friday, February 21st. KeyCorp raised shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Robert W. Baird upped their target price on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft began 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 price target on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $58.31.

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.