ExodusPoint Capital Management LP Grows Position in First Industrial Realty Trust, Inc. (NYSE:FR)

ExodusPoint Capital Management LP boosted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 52.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 429,066 shares of the real estate investment trust’s stock after acquiring an additional 147,790 shares during the period. ExodusPoint Capital Management LP’s holdings in First Industrial Realty Trust were worth $21,509,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Versant Capital Management Inc raised its stake in shares of First Industrial Realty Trust by 92.5% in the 4th quarter. Versant Capital Management Inc now owns 1,001 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 481 shares during the period. UMB Bank n.a. raised its position in First Industrial Realty Trust by 24.7% in the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 214 shares during the period. Venturi Wealth Management LLC lifted its stake in First Industrial Realty Trust by 200.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,119 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 747 shares in the last quarter. Blue Trust Inc. boosted its position in shares of First Industrial Realty Trust by 30.7% during the fourth quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 292 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of First Industrial Realty Trust by 73.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,360 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 575 shares in the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Wall Street Analysts Forecast Growth

FR has been the topic of several research reports. Robert W. Baird increased their target price on First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. KeyCorp raised shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Barclays restated a “cautious” rating on shares of First Industrial Realty Trust in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They set a “hold” rating and a $52.00 target price on the stock. Finally, The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, First Industrial Realty Trust has a consensus rating of “Hold” and a consensus price target of $58.38.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $54.06 on Thursday. First Industrial Realty Trust, Inc. has a 12 month low of $45.10 and a 12 month high of $58.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. The firm has a market capitalization of $7.16 billion, a PE ratio of 24.80 and a beta of 1.07. The business’s fifty day moving average price is $55.11 and its 200 day moving average price is $53.68.

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

First Industrial Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be paid a $0.445 dividend. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 3.29%. The ex-dividend date is Monday, March 31st. First Industrial Realty Trust’s dividend payout ratio is currently 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.