Coldstream Capital Management Inc. Makes New Investment in First Industrial Realty Trust, Inc. (NYSE:FR)

Coldstream Capital Management Inc. bought a new position in First Industrial Realty Trust, Inc. (NYSE:FR) in the fourth quarter, HoldingsChannel.com reports. The fund bought 4,359 shares of the real estate investment trust’s stock, valued at approximately $219,000.

A number of other large investors also recently modified their holdings of FR. Synovus Financial Corp increased its position in First Industrial Realty Trust by 96.3% in the third quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust’s stock worth $1,588,000 after purchasing an additional 13,922 shares during the period. Franklin Resources Inc. grew its position in shares of First Industrial Realty Trust by 42.9% during the 3rd quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust’s stock worth $10,546,000 after buying an additional 58,088 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of First Industrial Realty Trust during the fourth quarter worth approximately $1,463,000. Barclays PLC lifted its holdings in First Industrial Realty Trust by 109.7% in the fourth quarter. Barclays PLC now owns 274,968 shares of the real estate investment trust’s stock valued at $13,783,000 after buying an additional 143,857 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in First Industrial Realty Trust by 13.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,827 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 331 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

First Industrial Realty Trust Stock Performance

FR opened at $49.03 on Friday. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 22.49 and a beta of 1.07. The business’s 50-day moving average price is $51.26 and its two-hundred day moving average price is $52.28. First Industrial Realty Trust, Inc. has a 1 year low of $40.31 and a 1 year high of $58.17. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.21 and a quick ratio of 1.11.

First Industrial Realty Trust (NYSE:FR) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). First Industrial Realty Trust had a net margin of 42.94% and a return on equity of 10.64%. The firm had revenue of $177.07 million during the quarter, compared to analyst estimates of $176.98 million. Equities analysts expect that First Industrial Realty Trust, Inc. will post 2.89 EPS for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 30th will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 3.63%. The ex-dividend date is Monday, June 30th. First Industrial Realty Trust’s payout ratio is 88.12%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FR shares. Robert W. Baird increased their price target on First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft began coverage on First Industrial Realty Trust in a report on Tuesday, January 14th. They set a “hold” rating and a $52.00 target price on the stock. Royal Bank of Canada lowered their price target on First Industrial Realty Trust from $62.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday. Barclays reduced their price objective on shares of First Industrial Realty Trust from $56.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group cut their target price on shares of First Industrial Realty Trust from $59.00 to $51.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.08.

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.