5,840 Shares in First Industrial Realty Trust, Inc. (NYSE:FR) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP purchased a new stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR) during the second quarter, Holdings Channel reports. The fund purchased 5,840 shares of the real estate investment trust’s stock, valued at approximately $277,000.

A number of other institutional investors have also bought and sold shares of the company. Corient Private Wealth LLC acquired a new stake in shares of First Industrial Realty Trust during the 4th quarter worth approximately $1,298,000. Commerce Bank acquired a new stake in First Industrial Realty Trust in the fourth quarter worth $201,000. Treasurer of the State of North Carolina increased its stake in First Industrial Realty Trust by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 58,538 shares of the real estate investment trust’s stock valued at $3,083,000 after purchasing an additional 570 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in First Industrial Realty Trust by 66.4% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 41,720 shares of the real estate investment trust’s stock valued at $2,197,000 after purchasing an additional 16,652 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of First Industrial Realty Trust by 7.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 962,772 shares of the real estate investment trust’s stock valued at $50,709,000 after purchasing an additional 64,896 shares during the period. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock opened at $56.04 on Monday. The stock has a market cap of $7.42 billion, a P/E ratio of 25.82 and a beta of 1.08. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average price is $55.08 and its two-hundred day moving average price is $50.95. First Industrial Realty Trust, Inc. has a 52 week low of $40.44 and a 52 week high of $57.35.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.25). First Industrial Realty Trust had a return on equity of 10.72% and a net margin of 44.46%. The business had revenue of $164.10 million during the quarter, compared to analysts’ expectations of $163.48 million. During the same period in the prior year, the firm posted $0.61 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts predict that First Industrial Realty Trust, Inc. will post 2.62 earnings per share for the current year.

First Industrial Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, September 30th will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 2.64%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 68.20%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Truist Financial raised their target price on First Industrial Realty Trust from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, August 5th. The Goldman Sachs Group boosted their price objective on First Industrial Realty Trust from $46.00 to $52.00 and gave the company a “sell” rating in a report on Friday, July 26th. Mizuho increased their target price on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Wolfe Research upgraded shares of First Industrial Realty Trust from a “peer perform” rating to an “outperform” rating and set a $64.00 price target for the company in a research note on Tuesday, August 13th. Finally, Scotiabank raised their price objective on shares of First Industrial Realty Trust from $55.00 to $58.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, First Industrial Realty Trust presently has a consensus rating of “Hold” and an average price target of $56.46.

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.