First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 66.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,185 shares of the real estate investment trust’s stock after selling 31,570 shares during the period. Y Intercept Hong Kong Ltd’s holdings in First Industrial Realty Trust were worth $906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FR. Envestnet Portfolio Solutions Inc. raised its stake in First Industrial Realty Trust by 27.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,211 shares of the real estate investment trust’s stock worth $485,000 after acquiring an additional 2,182 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of First Industrial Realty Trust by 2.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust’s stock worth $61,632,000 after purchasing an additional 26,353 shares during the period. Raymond James & Associates lifted its holdings in shares of First Industrial Realty Trust by 8.1% in the 2nd quarter. Raymond James & Associates now owns 25,863 shares of the real estate investment trust’s stock worth $1,229,000 after purchasing an additional 1,946 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in First Industrial Realty Trust by 8.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 6,607 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 517 shares during the period. Finally, Liberty One Investment Management LLC grew its stake in First Industrial Realty Trust by 20.1% during the 2nd quarter. Liberty One Investment Management LLC now owns 74,927 shares of the real estate investment trust’s stock worth $3,560,000 after buying an additional 12,527 shares during the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

FR opened at $52.08 on Friday. The business has a 50 day moving average price of $53.48 and a two-hundred day moving average price of $52.55. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 22.35 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $57.35.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The business had revenue of $167.60 million during the quarter, compared to analyst estimates of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Research analysts predict that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.84%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 63.52%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Mizuho raised their target price on First Industrial Realty Trust from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Barclays cut 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 report on Monday, November 18th. Scotiabank upped their target price on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Finally, Wells Fargo & Company lifted their price target on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.83.

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.