Charles Schwab Investment Management Inc. Increases Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Charles Schwab Investment Management Inc. raised its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,205,880 shares of the real estate investment trust’s stock after buying an additional 23,280 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.67% of First Industrial Realty Trust worth $110,581,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FR. Rush Island Management LP acquired a new position in shares of First Industrial Realty Trust during the third quarter valued at about $60,848,000. JPMorgan Chase & Co. increased its stake in First Industrial Realty Trust by 28.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock valued at $187,798,000 after purchasing an additional 747,101 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of First Industrial Realty Trust by 290.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust’s stock worth $50,105,000 after buying an additional 665,920 shares during the last quarter. Zimmer Partners LP acquired a new stake in shares of First Industrial Realty Trust during the third quarter worth $18,649,000. Finally, NFJ Investment Group LLC purchased a new stake in shares of First Industrial Realty Trust during the third quarter valued at $7,778,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 0.2 %

FR stock opened at $57.51 on Friday. First Industrial Realty Trust, Inc. has a one year low of $45.10 and a one year high of $58.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. The firm’s fifty day moving average is $53.51 and its 200 day moving average is $53.87. The firm has a market cap of $7.61 billion, a PE ratio of 26.38 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. On average, research analysts forecast that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be given a $0.445 dividend. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 annualized dividend and a dividend yield of 3.10%. First Industrial Realty Trust’s dividend payout ratio (DPR) is 81.65%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Robert W. Baird raised their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Barclays dropped their target price on 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target for the company. Finally, The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $52.00 to $59.00 in a research note on Friday, February 21st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, First Industrial Realty Trust presently has an average rating of “Moderate Buy” and a consensus price target of $58.31.

About 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.