First Industrial Realty Trust, Inc. (NYSE:FR) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 2.6% in the third quarter, HoldingsChannel reports. The fund owned 183,437 shares of the real estate investment trust’s stock after selling 4,806 shares during the quarter. Pacer Advisors Inc.’s holdings in First Industrial Realty Trust were worth $10,269,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Landscape Capital Management L.L.C. boosted its position in First Industrial Realty Trust by 171.7% during the third quarter. Landscape Capital Management L.L.C. now owns 14,082 shares of the real estate investment trust’s stock worth $788,000 after purchasing an additional 8,900 shares in the last quarter. Commerce Bank purchased a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at approximately $4,817,000. Segall Bryant & Hamill LLC grew its stake in First Industrial Realty Trust by 4.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 307,840 shares of the real estate investment trust’s stock valued at $17,233,000 after acquiring an additional 13,744 shares during the period. Pathstone Holdings LLC increased its holdings in First Industrial Realty Trust by 3.0% in the 3rd quarter. Pathstone Holdings LLC now owns 29,686 shares of the real estate investment trust’s stock worth $1,663,000 after acquiring an additional 869 shares in the last quarter. Finally, Quest Partners LLC raised its position in First Industrial Realty Trust by 6,160.8% during the third quarter. Quest Partners LLC now owns 54,156 shares of the real estate investment trust’s stock worth $3,032,000 after acquiring an additional 53,291 shares during the period. 99.85% of the stock is owned by hedge funds and other institutional investors.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock opened at $53.75 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $54.30 and a 200 day moving average price of $52.04. First Industrial Realty Trust, Inc. has a 12-month low of $45.02 and a 12-month high of $57.35. The stock has a market cap of $7.11 billion, a P/E ratio of 23.07 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The business 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 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts anticipate that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 63.52%.

Analyst Ratings Changes

Several brokerages have recently issued reports on FR. Scotiabank lifted their target price on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Wells Fargo & Company boosted their price objective on First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on First Industrial Realty Trust from $53.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Barclays dropped their price target on 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. Finally, Wolfe Research raised First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 price objective for the company in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.