First Industrial Realty Trust, Inc. (NYSE:FR) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC raised its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 20.1% in the 3rd quarter, Holdings Channel reports. The fund owned 82,537 shares of the real estate investment trust’s stock after purchasing an additional 13,827 shares during the period. Tidal Investments LLC’s holdings in First Industrial Realty Trust were worth $4,620,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of First Industrial Realty Trust in the third quarter valued at $28,000. Allspring Global Investments Holdings LLC lifted its holdings in First Industrial Realty Trust by 46.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 200 shares in the last quarter. UMB Bank n.a. boosted its position in First Industrial Realty Trust by 116.2% in the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 466 shares during the last quarter. Blue Trust Inc. increased its position in shares of First Industrial Realty Trust by 201.9% during the third quarter. Blue Trust Inc. now owns 951 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 636 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of First Industrial Realty Trust by 77.4% during the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 417 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Trading Up 1.3 %

First Industrial Realty Trust stock opened at $52.80 on Friday. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $57.35. The firm’s 50-day moving average is $53.44 and its 200-day moving average is $52.60. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $6.99 billion, a P/E ratio of 22.66 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results 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. The firm had revenue of $167.60 million for the quarter, compared to analysts’ expectations of $164.01 million. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. First Industrial Realty Trust’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $0.62 earnings per share. On average, equities analysts expect that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

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 paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.80%. First Industrial Realty Trust’s payout ratio is currently 63.52%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on First Industrial Realty Trust from $50.00 to $61.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Barclays decreased their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Scotiabank upped their price target on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Finally, Mizuho raised their price objective on shares of First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.83.

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.