Segall Bryant & Hamill LLC Grows Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Segall Bryant & Hamill LLC boosted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 2.9% in the fourth quarter, Holdings Channel reports. The fund owned 316,813 shares of the real estate investment trust’s stock after purchasing an additional 8,973 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in First Industrial Realty Trust were worth $15,882,000 as of its most recent filing with the SEC.

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

First Industrial Realty Trust Trading Down 0.3 %

Shares of FR stock opened at $54.13 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 24.83 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $58.17. The stock’s 50-day moving average price is $54.80 and its 200-day moving average price is $53.75.

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 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%. Equities research analysts predict that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal 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 given a dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 3.29%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s dividend payout ratio (DPR) is 81.65%.

Analysts Set New Price Targets

Several research firms have recently commented on FR. The Goldman Sachs Group raised First Industrial Realty Trust from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of 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. Robert W. Baird upped their price target on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Finally, Barclays upped their target price on shares of First Industrial Realty Trust from $55.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $58.38.

First Industrial Realty Trust 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.