Y Intercept Hong Kong Ltd raised its position in First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) by 456.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,959 shares of the real estate investment trust’s stock after buying an additional 22,937 shares during the period. Y Intercept Hong Kong Ltd’s holdings in First Industrial Realty Trust were worth $1,617,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of FR. Crossmark Global Holdings Inc. increased its position in shares of First Industrial Realty Trust by 1.9% during the third quarter. Crossmark Global Holdings Inc. now owns 9,550 shares of the real estate investment trust’s stock worth $492,000 after acquiring an additional 179 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in First Industrial Realty Trust by 4.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,463 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 183 shares in the last quarter. Quadrant Capital Group LLC grew its stake in First Industrial Realty Trust by 2.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock valued at $554,000 after purchasing an additional 211 shares in the last quarter. Signaturefd LLC increased its holdings in First Industrial Realty Trust by 9.4% during the 4th quarter. Signaturefd LLC now owns 2,809 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 242 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in First Industrial Realty Trust by 16.0% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 242 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.
First Industrial Realty Trust Stock Up 0.4%
FR stock opened at $64.91 on Friday. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 25.16 and a beta of 1.05. First Industrial Realty Trust, Inc. has a 1-year low of $47.38 and a 1-year high of $65.53. The firm has a fifty day moving average price of $62.38 and a two-hundred day moving average price of $60.63. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.04 and a quick ratio of 1.04.
First Industrial Realty Trust Dividend Announcement
Analyst Ratings Changes
Several research firms have recently commented on FR. Weiss Ratings upgraded First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Wells Fargo & Company dropped their price target on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Truist Financial upped their price target on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, May 15th. Cantor Fitzgerald reiterated a “neutral” rating and set a $65.00 price objective on shares of First Industrial Realty Trust in a research note on Monday, April 27th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.93.
Read Our Latest Stock Report on First Industrial Realty Trust
First Industrial Realty Trust Profile
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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