Bank of New York Mellon Corp cut its stake in shares of First Industrial Realty Trust, Inc. (NYSE:FR – Free Report) by 1.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,065,985 shares of the real estate investment trust’s stock after selling 10,362 shares during the quarter. Bank of New York Mellon Corp’s holdings in First Industrial Realty Trust were worth $61,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Measured Wealth Private Client Group LLC purchased a new position in First Industrial Realty Trust in the 3rd quarter worth approximately $26,000. Parallel Advisors LLC boosted its stake in shares of First Industrial Realty Trust by 86.9% during the fourth quarter. Parallel Advisors LLC now owns 626 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 291 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of First Industrial Realty Trust by 64.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 301 shares during the period. Danske Bank A S purchased a new position in shares of First Industrial Realty Trust in the third quarter worth $51,000. Finally, Parkside Financial Bank & Trust raised its holdings in First Industrial Realty Trust by 27.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 262 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors.
First Industrial Realty Trust Stock Down 1.0%
Shares of NYSE FR opened at $67.76 on Thursday. 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, Inc. has a 12 month low of $47.38 and a 12 month high of $69.88. The firm has a market capitalization of $8.98 billion, a PE ratio of 26.26 and a beta of 1.05. The firm has a fifty day simple moving average of $63.24 and a two-hundred day simple moving average of $61.21.
First Industrial Realty Trust Announces Dividend
Analysts Set New Price Targets
FR has been the subject of several analyst reports. Cantor Fitzgerald reissued a “neutral” rating and set a $65.00 price target on shares of First Industrial Realty Trust in a research report on Monday, April 27th. Truist Financial upped their price objective on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wells Fargo & Company dropped their target price on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Barclays raised their target price on First Industrial Realty Trust from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen upgraded First Industrial Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.29.
Get Our Latest Stock Report on First Industrial Realty Trust
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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