Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) by 21.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,396 shares of the real estate investment trust’s stock after buying an additional 16,273 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in First Industrial Realty Trust were worth $5,287,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of FR. Northwestern Mutual Wealth Management Co. lifted its holdings in First Industrial Realty Trust by 856,065.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,785,973 shares of the real estate investment trust’s stock worth $560,443,000 after buying an additional 9,784,830 shares during the last quarter. Norges Bank purchased a new position in shares of First Industrial Realty Trust in the 4th quarter valued at about $320,075,000. Invesco Ltd. increased its holdings in shares of First Industrial Realty Trust by 8.0% in the 3rd quarter. Invesco Ltd. now owns 4,343,723 shares of the real estate investment trust’s stock valued at $223,571,000 after acquiring an additional 323,248 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of First Industrial Realty Trust by 10.5% during the 4th quarter. Centersquare Investment Management LLC now owns 2,649,757 shares of the real estate investment trust’s stock worth $151,752,000 after acquiring an additional 252,650 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of First Industrial Realty Trust by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,629,908 shares of the real estate investment trust’s stock worth $150,644,000 after acquiring an additional 41,042 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.
First Industrial Realty Trust Price Performance
FR stock opened at $64.79 on Wednesday. The company has a market capitalization of $8.59 billion, a P/E ratio of 25.11 and a beta of 1.05. First Industrial Realty Trust, Inc. has a twelve month low of $47.38 and a twelve month high of $65.74. The business has a 50 day simple moving average of $62.57 and a 200-day simple moving average of $60.78. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90.
First Industrial Realty Trust Announces Dividend
Analyst Ratings Changes
FR has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on 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. Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Raymond James Financial reissued a “strong-buy” rating on shares of First Industrial Realty Trust in a report on Thursday, June 18th. Weiss Ratings upgraded shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Finally, Truist Financial upped their target price 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.93.
View Our Latest Analysis on FR
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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