Landscape Capital Management L.L.C. Boosts Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Landscape Capital Management L.L.C. grew its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 105.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,887 shares of the real estate investment trust’s stock after purchasing an additional 14,805 shares during the period. Landscape Capital Management L.L.C.’s holdings in First Industrial Realty Trust were worth $1,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. ExodusPoint Capital Management LP boosted its position in shares of First Industrial Realty Trust by 52.5% during the fourth quarter. ExodusPoint Capital Management LP now owns 429,066 shares of the real estate investment trust’s stock valued at $21,509,000 after purchasing an additional 147,790 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of First Industrial Realty Trust by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,482,693 shares of the real estate investment trust’s stock valued at $124,492,000 after buying an additional 14,298 shares in the last quarter. Diametric Capital LP purchased a new stake in shares of First Industrial Realty Trust in the 4th quarter worth about $213,000. Franklin Resources Inc. increased its stake in shares of First Industrial Realty Trust by 36.7% in the 4th quarter. Franklin Resources Inc. now owns 264,503 shares of the real estate investment trust’s stock worth $13,260,000 after acquiring an additional 70,971 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in First Industrial Realty Trust by 5.7% during the 4th quarter. Alliancebernstein L.P. now owns 2,432,120 shares of the real estate investment trust’s stock valued at $121,922,000 after acquiring an additional 130,819 shares during the period. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Analyst Ratings Changes

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

First Industrial Realty Trust Stock Down 4.6 %

Shares of First Industrial Realty Trust stock opened at $47.72 on Friday. First Industrial Realty Trust, Inc. has a twelve month low of $45.10 and a twelve month high of $58.17. 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’s 50 day moving average is $54.93 and its 200 day moving average is $53.60. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 21.89 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current year.

First Industrial Realty Trust Increases Dividend

The firm 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 $0.445 dividend. This is an increase 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 dividend on an annualized basis and a dividend yield of 3.73%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 81.65%.

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.