GSI Capital Advisors LLC Reduces Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

GSI Capital Advisors LLC cut its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,791 shares of the real estate investment trust’s stock after selling 236 shares during the period. First Industrial Realty Trust makes up 4.0% of GSI Capital Advisors LLC’s holdings, making the stock its 7th biggest holding. GSI Capital Advisors LLC owned 0.11% of First Industrial Realty Trust worth $7,509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc increased its holdings in First Industrial Realty Trust by 92.5% during the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 481 shares in the last quarter. UMB Bank n.a. boosted its position in shares of First Industrial Realty Trust by 24.7% during the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 214 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in First Industrial Realty Trust by 200.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 747 shares in the last quarter. Blue Trust Inc. raised its position in First Industrial Realty Trust by 30.7% in the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 292 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in First Industrial Realty Trust by 73.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 575 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

NYSE FR opened at $53.91 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a market cap of $7.14 billion, a PE ratio of 24.73 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 52 week low of $45.10 and a 52 week high of $58.17. The firm’s 50-day simple moving average is $55.07 and its two-hundred day simple moving average is $53.68.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly 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 net margin of 42.94% and a return on equity of 10.64%. Research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be issued a dividend of $0.445 per share. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a yield of 3.30%. First Industrial Realty Trust’s dividend payout ratio is 81.65%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a “hold” rating and a $52.00 target price for the company. Barclays reiterated a “cautious” rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th. KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group raised First Industrial Realty Trust from a “sell” rating to a “neutral” rating and increased their price target for the company from $52.00 to $59.00 in a research report on Friday, February 21st. Finally, Robert W. Baird boosted their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $58.38.

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.