Quantinno Capital Management LP Boosts Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Quantinno Capital Management LP lifted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 55.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,686 shares of the real estate investment trust’s stock after buying an additional 20,473 shares during the period. Quantinno Capital Management LP’s holdings in First Industrial Realty Trust were worth $3,229,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rush Island Management LP purchased a new position in First Industrial Realty Trust in the third quarter worth $60,848,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of First Industrial Realty Trust by 290.6% in the 3rd 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. Land & Buildings Investment Management LLC grew its position in First Industrial Realty Trust by 256.4% during the second quarter. Land & Buildings Investment Management LLC now owns 808,212 shares of the real estate investment trust’s stock valued at $38,398,000 after buying an additional 581,472 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in First Industrial Realty Trust during the second quarter worth about $23,755,000. Finally, Bank of Montreal Can raised its position in First Industrial Realty Trust by 442.8% in the second quarter. Bank of Montreal Can now owns 559,132 shares of the real estate investment trust’s stock worth $26,570,000 after acquiring an additional 456,124 shares during the period. 99.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FR shares. Wolfe Research upgraded shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 price target for the company in a research note on Tuesday, August 13th. Mizuho raised their target price on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Scotiabank upped their price target on 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 lifted their price objective on First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Finally, Barclays dropped their price objective on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, First Industrial Realty Trust has an average rating of “Moderate Buy” and an average price target of $57.83.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $52.76 on Tuesday. The company’s 50 day simple moving average is $53.65 and its two-hundred day simple moving average is $52.51. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35. The stock has a market capitalization of $6.98 billion, a PE ratio of 22.64 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data 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 return on equity of 11.53% and a net margin of 47.34%. The company had revenue of $167.60 million for the quarter, compared to the consensus estimate of $164.01 million. During the same quarter last year, the business posted $0.62 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. Analysts predict that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current fiscal year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is 63.52%.

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.