First Industrial Realty Trust, Inc. $FR Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 18.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,877 shares of the real estate investment trust’s stock after selling 12,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in First Industrial Realty Trust were worth $3,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FR. Choreo LLC grew its holdings in First Industrial Realty Trust by 18.1% in the third quarter. Choreo LLC now owns 10,663 shares of the real estate investment trust’s stock valued at $635,000 after purchasing an additional 1,638 shares during the period. Interchange Capital Partners LLC raised its stake in First Industrial Realty Trust by 12.5% during the third quarter. Interchange Capital Partners LLC now owns 4,570 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 507 shares during the period. North Dakota State Investment Board raised its stake in First Industrial Realty Trust by 6.1% during the third quarter. North Dakota State Investment Board now owns 4,039 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 233 shares during the period. Asset Management One Co. Ltd. raised its stake in First Industrial Realty Trust by 1.5% during the third quarter. Asset Management One Co. Ltd. now owns 231,976 shares of the real estate investment trust’s stock worth $13,812,000 after purchasing an additional 3,486 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of First Industrial Realty Trust by 41.0% in the 3rd quarter. Signaturefd LLC now owns 5,633 shares of the real estate investment trust’s stock valued at $335,000 after purchasing an additional 1,637 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

FR opened at $54.76 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.92. First Industrial Realty Trust, Inc. has a 52-week low of $54.16 and a 52-week high of $69.88. The company has a 50 day moving average of $59.83 and a two-hundred day moving average of $61.32. The company has a market cap of $7.26 billion, a P/E ratio of 17.64 and a beta of 1.03.

First Industrial Realty Trust (NYSE:FR) last released its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.38). First Industrial Realty Trust had a return on equity of 12.60% and a net margin of 46.12%. The business had revenue of $197.12 million during the quarter, compared to analyst estimates of $196.41 million. During the same period in the previous year, the company earned $0.76 EPS. First Industrial Realty Trust’s revenue was up 8.6% on a year-over-year basis. On average, analysts expect that First Industrial Realty Trust, Inc. will post 3.16 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 19th. Investors of record on Wednesday, September 30th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, September 30th. First Industrial Realty Trust’s dividend payout ratio is 74.35%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FR shares. UBS Group set a $71.00 price objective on shares of First Industrial Realty Trust in a research note on Friday, October 23rd. JPMorgan Chase & Co. lowered First Industrial Realty Trust from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $74.00 to $60.00 in a research report on Friday. Truist Financial lifted their target price on First Industrial Realty Trust from $67.00 to $73.00 and gave the company a “buy” rating in a report on Monday, July 27th. Scotiabank reduced their target price on First Industrial Realty Trust from $66.00 to $61.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, Citigroup lowered their price target on First Industrial Realty Trust from $72.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, October 28th. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.67.

First Industrial Realty Trust Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a real estate investment trust focused on the ownership, management, acquisition, development and redevelopment of industrial properties in the United States. Its portfolio primarily serves businesses that require space for distribution, warehousing, manufacturing, light industrial operations and other logistics-related activities.

The company leases its properties to a diverse group of tenants, including retailers, manufacturers, logistics providers and third-party distribution companies.