First Industrial Realty Trust, Inc. (NYSE:FR) Shares Bought by MML Investors Services LLC

MML Investors Services LLC lifted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 9.4% during the 3rd quarter, Holdings Channel reports. The fund owned 37,523 shares of the real estate investment trust’s stock after buying an additional 3,229 shares during the quarter. MML Investors Services LLC’s holdings in First Industrial Realty Trust were worth $2,101,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FR. Allspring Global Investments Holdings LLC increased its position in shares of First Industrial Realty Trust by 46.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. Stifel Financial Corp increased its holdings in First Industrial Realty Trust by 1.1% during the 3rd quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust’s stock worth $1,450,000 after purchasing an additional 278 shares during the period. Azzad Asset Management Inc. ADV increased its stake in shares of First Industrial Realty Trust by 4.8% during the second quarter. Azzad Asset Management Inc. ADV now owns 6,472 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 295 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of First Industrial Realty Trust by 77.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 417 shares in the last quarter. Finally, Fortem Financial Group LLC raised its stake in First Industrial Realty Trust by 4.6% in the second quarter. Fortem Financial Group LLC now owns 9,868 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 438 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

First Industrial Realty Trust Stock Performance

Shares of FR opened at $52.45 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $6.94 billion, a PE ratio of 22.51 and a beta of 1.07. The company’s fifty day moving average price is $53.44 and its 200 day moving average price is $52.69. First Industrial Realty Trust, Inc. has a one year low of $45.10 and a one year high of $57.35.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The firm had revenue of $167.60 million during the quarter, compared to analysts’ expectations of $164.01 million. During the same quarter last year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.82%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 63.52%.

First Industrial Realty Trust Company Profile

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.