Jane Street Group LLC Has $6.98 Million Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Jane Street Group LLC boosted its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 44.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 124,737 shares of the real estate investment trust’s stock after buying an additional 38,228 shares during the period. Jane Street Group LLC’s holdings in First Industrial Realty Trust were worth $6,983,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. lifted its position in First Industrial Realty Trust by 17.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 531,900 shares of the real estate investment trust’s stock worth $25,271,000 after purchasing an additional 79,515 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of First Industrial Realty Trust by 2.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,297,240 shares of the real estate investment trust’s stock worth $61,632,000 after acquiring an additional 26,353 shares during the period. United Services Automobile Association acquired a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth approximately $507,000. Allspring Global Investments Holdings LLC increased its stake in First Industrial Realty Trust by 2,886.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 18,843 shares of the real estate investment trust’s stock valued at $1,055,000 after acquiring an additional 18,212 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in First Industrial Realty Trust by 77.7% during the second quarter. Renaissance Technologies LLC now owns 143,400 shares of the real estate investment trust’s stock valued at $6,813,000 after purchasing an additional 62,700 shares in the last quarter. 99.85% of the stock is owned by institutional investors.

First Industrial Realty Trust Price Performance

FR stock opened at $52.80 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. First Industrial Realty Trust, Inc. has a 52-week low of $45.10 and a 52-week high of $57.35. The company has a market capitalization of $6.99 billion, a P/E ratio of 22.66 and a beta of 1.07. The company has a fifty day moving average price of $53.44 and a 200-day moving average price of $52.64.

First Industrial Realty Trust (NYSE:FR) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $167.60 million for the quarter, compared to the consensus estimate of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. As a group, equities analysts expect that First Industrial Realty Trust, Inc. will post 2.63 EPS for the current year.

First Industrial Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.80%. First Industrial Realty Trust’s payout ratio is 63.52%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FR shares. Scotiabank raised their target price on 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. Mizuho lifted their target price on 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. Wells Fargo & Company increased 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 report on Wednesday, August 28th. Finally, Barclays decreased their price target 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.