Harbour Investments Inc. lifted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) by 159,730.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,778 shares of the real estate investment trust’s stock after buying an additional 20,765 shares during the quarter. Harbour Investments Inc.’s holdings in First Industrial Realty Trust were worth $1,190,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of FR. Goldman Sachs Group Inc. lifted its position in shares of First Industrial Realty Trust by 41.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock worth $45,301,000 after buying an additional 244,562 shares during the last quarter. First Trust Advisors LP lifted its position in shares of First Industrial Realty Trust by 141.1% in the 2nd quarter. First Trust Advisors LP now owns 86,866 shares of the real estate investment trust’s stock worth $4,181,000 after buying an additional 50,839 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of First Industrial Realty Trust by 4.4% in the 2nd quarter. Baird Financial Group Inc. now owns 55,781 shares of the real estate investment trust’s stock worth $2,685,000 after buying an additional 2,356 shares during the last quarter. Cresset Asset Management LLC bought a new position in shares of First Industrial Realty Trust in the 2nd quarter worth about $275,000. Finally, Cerity Partners LLC lifted its position in shares of First Industrial Realty Trust by 463.4% in the 2nd quarter. Cerity Partners LLC now owns 63,013 shares of the real estate investment trust’s stock worth $3,033,000 after buying an additional 51,828 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Scotiabank raised their price target on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Truist Financial raised their price target on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Cantor Fitzgerald restated a “neutral” rating and issued a $65.00 price target on shares of First Industrial Realty Trust in a research report on Monday, April 27th. Finally, Royal Bank Of Canada lifted their price objective on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.64.
First Industrial Realty Trust Stock Down 1.1%
First Industrial Realty Trust stock opened at $61.85 on Friday. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 23.97 and a beta of 1.07. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90. The company’s 50-day moving average price is $61.03 and its two-hundred day moving average price is $59.51. First Industrial Realty Trust, Inc. has a 52 week low of $47.36 and a 52 week high of $64.66.
First Industrial Realty Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. First Industrial Realty Trust’s dividend payout ratio (DPR) is presently 77.52%.
About First Industrial Realty Trust
First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.
Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.
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