Cbre Investment Management Listed Real Assets LLC Has $21.57 Million Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Cbre Investment Management Listed Real Assets LLC lifted its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 35.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 430,245 shares of the real estate investment trust’s stock after buying an additional 113,379 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in First Industrial Realty Trust were worth $21,568,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. CIBC Asset Management Inc grew its holdings in First Industrial Realty Trust by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,089 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 210 shares during the period. UMB Bank n.a. grew its holdings in First Industrial Realty Trust by 24.7% in the fourth 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 during the period. Principal Securities Inc. grew its holdings in First Industrial Realty Trust by 9.3% in the fourth quarter. Principal Securities Inc. now owns 3,151 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 269 shares during the period. Stifel Financial Corp grew its holdings in First Industrial Realty Trust by 1.1% in the third quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust’s stock worth $1,450,000 after purchasing an additional 278 shares during the period. Finally, Fortem Financial Group LLC grew its holdings in First Industrial Realty Trust by 2.9% in the fourth quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust’s stock worth $517,000 after purchasing an additional 292 shares during the period. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

NYSE FR opened at $56.70 on Wednesday. The company’s 50 day moving average is $53.09 and its 200-day moving average is $53.80. First Industrial Realty Trust, Inc. has a 12-month low of $45.10 and a 12-month high of $57.56. 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 firm has a market cap of $7.51 billion, a P/E ratio of 26.01 and a beta of 1.09.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results 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%. Sell-side analysts predict that First Industrial Realty Trust, Inc. will post 2.89 earnings per share for the current year.

First Industrial Realty Trust Increases Dividend

The business also recently declared 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 represents a $1.78 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s payout ratio is currently 81.65%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FR. Barclays reduced their price objective on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. The Goldman Sachs Group upgraded shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $52.00 to $59.00 in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft began 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 objective for the company. Robert W. Baird lifted their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $58.31.

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.