Vanderbilt University Buys 46,345 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Vanderbilt University raised its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 80.6% in the 4th quarter, Holdings Channel reports. The firm owned 103,849 shares of the real estate investment trust’s stock after acquiring an additional 46,345 shares during the period. First Industrial Realty Trust makes up 1.0% of Vanderbilt University’s investment portfolio, making the stock its 16th largest holding. Vanderbilt University’s holdings in First Industrial Realty Trust were worth $5,206,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in First Industrial Realty Trust in the second quarter worth $271,000. Handelsbanken Fonder AB grew its stake in shares of First Industrial Realty Trust by 14.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 38,874 shares of the real estate investment trust’s stock worth $2,176,000 after buying an additional 4,800 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of First Industrial Realty Trust by 132.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,103 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 629 shares during the last quarter. Azzad Asset Management Inc. ADV raised its position in shares of First Industrial Realty Trust by 5.8% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 6,848 shares of the real estate investment trust’s stock valued at $383,000 after buying an additional 376 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of 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 acquiring an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FR. KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a “hold” rating and a $52.00 price target on the stock. Finally, Barclays dropped their price objective 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 note on Monday, November 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $57.38.

First Industrial Realty Trust Stock Up 0.1 %

Shares of FR opened at $53.79 on Thursday. The firm has a fifty day moving average price of $51.56 and a 200-day moving average price of $53.49. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $7.12 billion, a P/E ratio of 23.09 and a beta of 1.09. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $57.35.

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, beating the consensus estimate of $0.35 by $0.36. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. Equities research analysts expect that First Industrial Realty Trust, Inc. will post 2.64 earnings per share for the current year.

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.