First Industrial Realty Trust, Inc. (NYSE:FR) Shares Bought by Allstate Corp

Allstate Corp grew its holdings in First Industrial Realty Trust, Inc. (NYSE:FR) by 52.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,197 shares of the real estate investment trust’s stock after buying an additional 29,491 shares during the quarter. Allstate Corp’s holdings in First Industrial Realty Trust were worth $4,321,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Howard Capital Management Group LLC purchased a new stake in First Industrial Realty Trust during the third quarter worth about $206,000. Cerity Partners LLC acquired a new stake in shares of First Industrial Realty Trust during the 3rd quarter valued at approximately $496,000. FMR LLC boosted its stake in shares of First Industrial Realty Trust by 6.2% during the 3rd quarter. FMR LLC now owns 326,754 shares of the real estate investment trust’s stock worth $18,292,000 after acquiring an additional 18,958 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of First Industrial Realty Trust by 77.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 121,655 shares of the real estate investment trust’s stock worth $6,810,000 after acquiring an additional 53,266 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of First Industrial Realty Trust by 2.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,841 shares of the real estate investment trust’s stock worth $4,022,000 after acquiring an additional 1,462 shares during the period. 99.85% of the stock is currently owned by hedge funds and other institutional investors.

First Industrial Realty Trust Stock Down 1.2 %

Shares of NYSE FR opened at $53.60 on Friday. The firm’s 50 day moving average price is $54.99 and its 200 day moving average price is $53.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.21. The firm has a market cap of $7.10 billion, a P/E ratio of 24.59 and a beta of 1.07. First Industrial Realty Trust, Inc. has a 1 year low of $45.10 and a 1 year high of $58.17.

First Industrial Realty Trust (NYSE:FR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.36. First Industrial Realty Trust had a return on equity of 10.64% and a net margin of 42.94%. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.32%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.37. First Industrial Realty Trust’s dividend payout ratio is currently 81.65%.

Analyst Ratings Changes

A number of analysts have commented on FR shares. KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th. Robert W. Baird boosted their price objective on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group raised shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and increased their price objective for the company from $52.00 to $59.00 in a research note on Friday, February 21st. Barclays restated a “cautious” rating on shares of First Industrial Realty Trust in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They issued a “hold” rating and a $52.00 price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $58.38.

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.