Principal Financial Group Inc. reduced its holdings in First Industrial Realty Trust, Inc. (NYSE:FR - Free Report) by 50.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,504,896 shares of the real estate investment trust's stock after selling 1,517,090 shares during the quarter. Principal Financial Group Inc. owned about 1.14% of First Industrial Realty Trust worth $84,244,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FR. Lord Abbett & CO. LLC grew its holdings in First Industrial Realty Trust by 7.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 475,351 shares of the real estate investment trust's stock valued at $26,610,000 after buying an additional 32,504 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of First Industrial Realty Trust by 42.9% in the third quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust's stock worth $10,546,000 after acquiring an additional 58,088 shares during the last quarter. Synovus Financial Corp increased its position in First Industrial Realty Trust by 96.3% during the third quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust's stock worth $1,588,000 after acquiring an additional 13,922 shares during the period. Tidal Investments LLC raised its stake in First Industrial Realty Trust by 20.1% during the 3rd quarter. Tidal Investments LLC now owns 82,537 shares of the real estate investment trust's stock valued at $4,620,000 after purchasing an additional 13,827 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in First Industrial Realty Trust by 60.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,463 shares of the real estate investment trust's stock valued at $509,000 after purchasing an additional 3,576 shares during the period. 99.85% of the stock is currently owned by institutional investors.

NYSE FR opened at $50.73 on Friday. First Industrial Realty Trust, Inc. has a 1-year low of $45.10 and a 1-year high of $57.35. The company has a 50 day moving average of $53.13 and a 200-day moving average of $52.79. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 21.77 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $167.60 million during the quarter, compared to the consensus estimate of $164.01 million. First Industrial Realty Trust had a return on equity of 11.53% and a net margin of 47.34%. The business's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. On average, equities analysts forecast that First Industrial Realty Trust, Inc. will post 2.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Tuesday, December 31st. First Industrial Realty Trust's dividend payout ratio is currently 63.52%.

FR has been the topic of several research reports. KeyCorp upgraded shares of First Industrial Realty Trust from an "underweight" rating to a "sector weight" rating in a report on Tuesday, December 17th. Wells Fargo & Company raised their price objective on First Industrial Realty Trust from $50.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Scotiabank upped 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 note on Monday, August 26th. Mizuho raised their target price on First Industrial Realty Trust from $58.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, September 5th. Finally, Barclays lowered their price target on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an "equal weight" rating on the stock in a report on Monday, November 18th. One equities research analyst has 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $57.83.

Read Our Latest Stock Analysis on FR

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.

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