Centiva Capital LP acquired a new position in shares of First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,538 shares of the real estate investment trust's stock, valued at approximately $1,038,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake in First Industrial Realty Trust by 46.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Azzad Asset Management Inc. ADV increased its stake in First Industrial Realty Trust by 4.8% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 6,472 shares of the real estate investment trust's stock valued at $307,000 after buying an additional 295 shares during the last quarter. Farther Finance Advisors LLC lifted its position in First Industrial Realty Trust by 77.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust's stock worth $53,000 after buying an additional 417 shares in the last quarter. Fortem Financial Group LLC boosted its stake in shares of First Industrial Realty Trust by 4.6% during the 2nd quarter. Fortem Financial Group LLC now owns 9,868 shares of the real estate investment trust's stock worth $469,000 after buying an additional 438 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of 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 in the last quarter. 99.85% of the stock is owned by institutional investors and hedge funds.

NYSE:FR opened at $52.03 on Friday. The stock has a 50 day simple moving average of $53.81 and a 200 day simple moving average of $52.38. The stock has a market cap of $6.89 billion, a P/E ratio of 22.33 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. 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 - Get Free Report) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The company had revenue of $167.60 million during the quarter, compared to the consensus estimate of $164.01 million. During the same quarter last year, the firm earned $0.62 earnings per share. The company's revenue was up 8.1% on a year-over-year basis. Research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.84%. First Industrial Realty Trust's payout ratio is presently 63.52%.

A number of research analysts have weighed in on FR shares. Mizuho raised their price target 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 target 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 note on Monday, November 18th. Wells Fargo & Company raised their target price on shares of First Industrial Realty Trust from $50.00 to $61.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 28th. Scotiabank lifted their target price on First Industrial Realty Trust from $55.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, August 26th. Finally, Wolfe Research upgraded First Industrial Realty Trust from a "peer perform" rating to an "outperform" rating and set a $64.00 price target on the stock in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, First Industrial Realty Trust presently has an average rating of "Moderate Buy" and a consensus price target of $57.83.

Read Our Latest Stock Analysis on 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.

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