EntryPoint Capital LLC Acquires 2,147 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

EntryPoint Capital LLC boosted its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 30.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,259 shares of the real estate investment trust’s stock after purchasing an additional 2,147 shares during the period. EntryPoint Capital LLC’s holdings in First Industrial Realty Trust were worth $464,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Versant Capital Management Inc increased 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 buying an additional 481 shares during the last quarter. UMB Bank n.a. increased its holdings in 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 acquiring an additional 214 shares during the last quarter. Venturi Wealth Management LLC increased 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 acquiring an additional 747 shares during the last quarter. Blue Trust Inc. raised its stake in First Industrial Realty Trust by 30.7% in the 4th quarter. Blue Trust Inc. now owns 1,243 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 292 shares during the period. Finally, Smartleaf Asset Management LLC lifted 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 last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. KeyCorp raised shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Barclays boosted their target price on shares of First Industrial Realty Trust from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price target for the company. Robert W. Baird boosted their price objective on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group upgraded First Industrial Realty Trust from a “sell” rating to a “neutral” rating and raised their target price for the stock from $52.00 to $59.00 in a research note on Friday, February 21st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.38.

First Industrial Realty Trust Trading Down 0.3 %

Shares of First Industrial Realty Trust stock opened at $54.13 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $58.17. The firm has a market cap of $7.17 billion, a PE ratio of 24.83 and a beta of 1.07. The company has a 50 day simple moving average of $54.80 and a two-hundred day simple moving average of $53.75.

First Industrial Realty Trust (NYSE:FR) last posted 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 net margin of 42.94% and a return on equity of 10.64%. 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. The ex-dividend date is Monday, March 31st. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 3.29%. First Industrial Realty Trust’s dividend payout ratio is 81.65%.

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.