First Industrial Realty Trust, Inc. (NYSE:FR) Stock Holdings Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,351 shares of the real estate investment trust’s stock after buying an additional 1,815 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of First Industrial Realty Trust worth $4,387,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FR. Rush Island Management LP acquired a new position in First Industrial Realty Trust in the third quarter worth approximately $60,848,000. JPMorgan Chase & Co. increased its stake in shares of First Industrial Realty Trust by 28.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock worth $187,798,000 after purchasing an additional 747,101 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of First Industrial Realty Trust by 290.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 895,046 shares of the real estate investment trust’s stock valued at $50,105,000 after purchasing an additional 665,920 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of First Industrial Realty Trust by 194.5% in the 4th quarter. Prudential Financial Inc. now owns 792,593 shares of the real estate investment trust’s stock valued at $41,564,000 after purchasing an additional 523,429 shares during the last quarter. Finally, Zimmer Partners LP bought a new stake in First Industrial Realty Trust in the third quarter worth $18,649,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays reaffirmed a “cautious” rating on shares of First Industrial Realty Trust in a research report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a “hold” rating and a $52.00 target price for the company. The Goldman Sachs Group upgraded First Industrial Realty Trust from a “sell” rating to a “neutral” rating and increased their price target for the company from $52.00 to $59.00 in a report on Friday, February 21st. Robert W. Baird boosted their price objective on shares of 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. 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $58.38.

First Industrial Realty Trust Stock Down 0.1 %

FR stock opened at $53.91 on Wednesday. First Industrial Realty Trust, Inc. has a twelve month low of $45.10 and a twelve month high of $58.17. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.80. The company has a market cap of $7.14 billion, a PE ratio of 24.73 and a beta of 1.07. The business’s 50-day simple moving average is $55.07 and its 200 day simple moving average is $53.68.

First Industrial Realty Trust (NYSE:FR) last issued its earnings results 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 10.64% and a net margin of 42.94%. On average, research analysts anticipate that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, March 31st will be paid a $0.445 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a yield of 3.30%. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s payout ratio is presently 81.65%.

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.