Lecap Asset Management Ltd. Sells 18,996 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Lecap Asset Management Ltd. lessened its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 58.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,495 shares of the real estate investment trust’s stock after selling 18,996 shares during the period. Lecap Asset Management Ltd.’s holdings in First Industrial Realty Trust were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in FR. V Square Quantitative Management LLC bought a new stake in shares of First Industrial Realty Trust during the third quarter worth $28,000. UMB Bank n.a. increased its position in First Industrial Realty Trust by 116.2% in the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 466 shares during the period. Versant Capital Management Inc raised its stake in shares of First Industrial Realty Trust by 92.5% during the fourth quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 481 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of First Industrial Realty Trust by 201.9% during the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 636 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of First Industrial Realty Trust by 77.4% in the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 417 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft assumed coverage on 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. Finally, Barclays decreased their target price on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, First Industrial Realty Trust currently has a consensus rating of “Hold” and an average target price of $57.38.

First Industrial Realty Trust Trading Down 0.5 %

FR opened at $54.87 on Friday. The company has a fifty day moving average price of $51.58 and a two-hundred day moving average price of $53.50. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $57.35. The company has a market cap of $7.26 billion, a P/E ratio of 23.55 and a beta of 1.09. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. Analysts predict that First Industrial Realty Trust, Inc. will post 2.64 EPS 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. Investors of record on Monday, March 31st will be given a $0.445 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 3.24%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 63.52%.

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.