Venturi Wealth Management LLC Buys 747 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Venturi Wealth Management LLC raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 200.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,119 shares of the real estate investment trust’s stock after acquiring an additional 747 shares during the period. Venturi Wealth Management LLC’s holdings in First Industrial Realty Trust were worth $56,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning bought a new stake in shares of First Industrial Realty Trust in the 3rd quarter worth about $258,000. Howard Capital Management Group LLC bought a new stake in shares of First Industrial Realty Trust in the 3rd quarter worth about $206,000. Blue Trust Inc. increased its holdings in shares of First Industrial Realty Trust by 201.9% in the 3rd quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 636 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of First Industrial Realty Trust by 2,886.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,843 shares of the real estate investment trust’s stock worth $1,055,000 after buying an additional 18,212 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of First Industrial Realty Trust by 44.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 9,576 shares of the real estate investment trust’s stock worth $536,000 after buying an additional 2,969 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on FR shares. Barclays cut their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of 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. Robert W. Baird upped their price target on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and upped their price target for the company from $52.00 to $59.00 in a report on Friday. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, First Industrial Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $58.31.

First Industrial Realty Trust Price Performance

Shares of FR opened at $56.20 on Tuesday. The company has a 50 day moving average price of $52.34 and a 200-day moving average price of $53.67. First Industrial Realty Trust, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $57.35. The stock has a market capitalization of $7.44 billion, a PE ratio of 25.78 and a beta of 1.09. 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 (NYSE:FR) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, topping 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%. Equities analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Monday, March 31st. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s dividend payout ratio is presently 81.65%.

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.