Landscape Capital Management L.L.C. Acquires 8,900 Shares of First Industrial Realty Trust, Inc. (NYSE:FR)

Landscape Capital Management L.L.C. increased its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 171.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,082 shares of the real estate investment trust’s stock after acquiring an additional 8,900 shares during the period. Landscape Capital Management L.L.C.’s holdings in First Industrial Realty Trust were worth $788,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FR. Allspring Global Investments Holdings LLC lifted its stake in First Industrial Realty Trust by 46.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 631 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of First Industrial Realty Trust by 4.8% in the second quarter. Azzad Asset Management Inc. ADV now owns 6,472 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 295 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in First Industrial Realty Trust by 77.4% during the third quarter. Farther Finance Advisors LLC now owns 956 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 417 shares during the last quarter. Fortem Financial Group LLC grew its holdings in First Industrial Realty Trust by 4.6% during the 2nd quarter. Fortem Financial Group LLC now owns 9,868 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 438 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in First Industrial Realty Trust by 116.2% in the 3rd quarter. UMB Bank n.a. now owns 867 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 466 shares during the last quarter. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

Shares of First Industrial Realty Trust stock opened at $53.75 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average is $54.35 and its two-hundred day moving average is $51.99. First Industrial Realty Trust, Inc. has a 52 week low of $45.02 and a 52 week high of $57.35. The company has a market capitalization of $7.11 billion, a PE ratio of 23.07 and a beta of 1.08.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. The company had revenue of $167.60 million for the quarter, compared to the consensus estimate of $164.01 million. First Industrial Realty Trust had a net margin of 47.34% and a return on equity of 11.53%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. As a group, analysts expect that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 2.75%. First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 63.52%.

Wall Street Analysts Forecast Growth

FR has been the subject of a number of research reports. Scotiabank increased their target price on First Industrial Realty Trust from $55.00 to $58.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Wolfe Research raised shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 price objective for the company in a research note on Tuesday, August 13th. The Goldman Sachs Group upped their target price on shares of First Industrial Realty Trust from $46.00 to $52.00 and gave the company a “sell” rating in a research report on Friday, July 26th. Truist Financial lifted their price target on First Industrial Realty Trust from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Barclays decreased their price objective on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $57.83.

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.