Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,899 shares of the real estate investment trust’s stock after buying an additional 1,240 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in First Industrial Realty Trust were worth $1,298,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new stake in First Industrial Realty Trust during the 2nd quarter valued at $271,000. GAMMA Investing LLC grew its holdings in shares of First Industrial Realty Trust by 132.7% in the third quarter. GAMMA Investing LLC now owns 1,103 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 629 shares during the period. UMB Bank n.a. lifted its holdings in First Industrial Realty Trust by 116.2% in the third 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 period. Creative Planning bought a new position in First Industrial Realty Trust in the third quarter valued at about $258,000. Finally, Kapitalo Investimentos Ltda purchased a new position in First Industrial Realty Trust in the third quarter worth about $253,000. 99.85% of the stock is currently owned by institutional investors.

First Industrial Realty Trust Stock Up 1.9 %

Shares of FR opened at $56.04 on Wednesday. The business’s 50 day moving average is $51.65 and its 200 day moving average is $53.52. The company has a current ratio of 1.21, a quick 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 company has a market capitalization of $7.42 billion, a PE ratio of 25.71 and a beta of 1.09.

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 42.94% and a return on equity of 10.64%. Research analysts expect that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current fiscal year.

First Industrial Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be given a dividend of $0.445 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 3.18%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 67.89%.

Analyst Ratings Changes

A number of analysts have commented on FR shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of First Industrial Realty Trust in a report on Tuesday, January 14th. They set a “hold” rating and a $52.00 target price for the company. Barclays reduced their price objective on 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 First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $57.38.

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.