Lecap Asset Management Ltd. Has $677,000 Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Lecap Asset Management Ltd. decreased its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 58.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,495 shares of the real estate investment trust’s stock after selling 18,996 shares during the quarter. Lecap Asset Management Ltd.’s holdings in First Industrial Realty Trust were worth $677,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in First Industrial Realty Trust by 5.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,899 shares of the real estate investment trust’s stock valued at $1,298,000 after buying an additional 1,240 shares during the last quarter. Vanderbilt University increased its position in shares of First Industrial Realty Trust by 80.6% in the fourth quarter. Vanderbilt University now owns 103,849 shares of the real estate investment trust’s stock valued at $5,206,000 after acquiring an additional 46,345 shares during the last quarter. Money Concepts Capital Corp raised its holdings in First Industrial Realty Trust by 5.7% during the fourth quarter. Money Concepts Capital Corp now owns 14,273 shares of the real estate investment trust’s stock worth $715,000 after acquiring an additional 770 shares in the last quarter. abrdn plc boosted its position in First Industrial Realty Trust by 26.2% during the fourth quarter. abrdn plc now owns 34,263 shares of the real estate investment trust’s stock valued at $1,716,000 after purchasing an additional 7,117 shares during the last quarter. Finally, KBC Group NV boosted its position in First Industrial Realty Trust by 1,669.2% during the fourth quarter. KBC Group NV now owns 59,657 shares of the real estate investment trust’s stock valued at $2,991,000 after purchasing an additional 56,285 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

First Industrial Realty Trust Trading Down 0.5 %

Shares of NYSE:FR opened at $54.87 on Friday. The stock has a market cap of $7.26 billion, a PE ratio of 23.55 and a beta of 1.09. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $57.35. The business has a 50 day moving average of $51.58 and a 200-day moving average of $53.50.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. As a group, equities research analysts forecast that First Industrial Realty Trust, Inc. will post 2.64 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently disclosed 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 boost from First Industrial Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 3.24%. First Industrial Realty Trust’s payout ratio is 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.