First Industrial Realty Trust, Inc. (NYSE:FR) Stock Position Lowered by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 50.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,217 shares of the real estate investment trust’s stock after selling 61,438 shares during the period. BNP Paribas Financial Markets’ holdings in First Industrial Realty Trust were worth $3,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of First Industrial Realty Trust by 24.7% in the 4th 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 during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of First Industrial Realty Trust by 200.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 747 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of First Industrial Realty Trust by 30.7% in the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 292 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of First Industrial Realty Trust by 73.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 575 shares during the last quarter. Finally, FIL Ltd grew its holdings in shares of First Industrial Realty Trust by 32.8% in the 4th quarter. FIL Ltd now owns 1,449 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 358 shares during the last quarter. Institutional investors own 99.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price target on First Industrial Realty Trust from $59.00 to $51.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Barclays lowered their price target on First Industrial Realty Trust from $56.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on First Industrial Realty Trust from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Royal Bank of Canada lowered their price target on First Industrial Realty Trust from $62.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Finally, Scotiabank lifted their price target on First Industrial Realty Trust from $50.00 to $51.00 and gave the company a “sector perform” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.58.

First Industrial Realty Trust Price Performance

FR opened at $50.90 on Friday. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 23.35 and a beta of 1.08. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average price of $49.96 and a 200 day moving average price of $51.98.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). The firm had revenue of $177.07 million for the quarter, compared to analyst estimates of $176.98 million. First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. Analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, June 30th will be given a $0.445 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.50%. First Industrial Realty Trust’s dividend payout ratio is currently 88.12%.

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.