First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lowered its holdings in First Industrial Realty Trust, Inc. (NYSE:FRGet Rating) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,389 shares of the real estate investment trust’s stock after selling 255 shares during the period. First Hawaiian Bank’s holdings in First Industrial Realty Trust were worth $457,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Advisory LLC acquired a new stake in shares of First Industrial Realty Trust in the fourth quarter worth $33,000. MUFG Americas Holdings Corp increased its position in shares of First Industrial Realty Trust by 97.3% in the fourth quarter. MUFG Americas Holdings Corp now owns 517 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 255 shares in the last quarter. Sageworth Trust Co of South Dakota acquired a new stake in shares of First Industrial Realty Trust in the fourth quarter worth $35,000. Koshinski Asset Management Inc. acquired a new stake in shares of First Industrial Realty Trust in the fourth quarter worth $36,000. Finally, Fieldpoint Private Securities LLC increased its position in shares of First Industrial Realty Trust by 29.4% in the fourth quarter. Fieldpoint Private Securities LLC now owns 770 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 175 shares in the last quarter. 96.39% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on the stock. Mizuho lowered their price target on shares of First Industrial Realty Trust from $64.00 to $55.00 and set a “na” rating for the company in a report on Tuesday, May 17th. The Goldman Sachs Group lowered their price target on shares of First Industrial Realty Trust from $70.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, June 16th. StockNews.com assumed coverage on shares of First Industrial Realty Trust in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Truist Financial lowered their price target on shares of First Industrial Realty Trust from $66.00 to $63.00 in a report on Monday, May 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.66.

NYSE FR opened at $47.46 on Friday. First Industrial Realty Trust, Inc. has a 12 month low of $45.79 and a 12 month high of $66.74. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 25.39 and a beta of 0.94. The company’s fifty day moving average price is $54.10 and its two-hundred day moving average price is $58.63.

First Industrial Realty Trust (NYSE:FRGet Rating) last posted its quarterly earnings data on Wednesday, April 20th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. First Industrial Realty Trust had a net margin of 50.47% and a return on equity of 11.40%. The firm had revenue of $125.50 million for the quarter, compared to the consensus estimate of $123.45 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. As a group, analysts anticipate that First Industrial Realty Trust, Inc. will post 2.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 18th. Stockholders of record on Thursday, June 30th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Wednesday, June 29th. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 63.10%.

First Industrial Realty Trust Profile (Get Rating)

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

See Also

Institutional Ownership by Quarter for First Industrial Realty Trust (NYSE:FR)

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