2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. raised its stake in First Industrial Realty Trust, Inc. ( NYSE:FR – Free Report ) by 3.
2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 240,748 shares of the real estate investment trust’s stock after buying an additional 7,479 shares during the period. Envestnet Asset Management Inc.
owned about 0.18% of First Industrial Realty Trust worth $12,069,000 as of its most recent SEC filing. A number of other institutional investors have also recently made changes to their positions in FR.
Norges Bank acquired a new stake in First Industrial Realty Trust in the fourth quarter worth $90,489,000. JPMorgan Chase & Co. grew its holdings in First Industrial Realty Trust by 28.
7% during the third quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock worth $187,798,000 after buying an additional 747,101 shares in the last quarter.
Prudential Financial Inc. raised its holdings in shares of First Industrial Realty Trust by 194.5% in the fourth quarter.
Prudential Financial Inc. now owns 792,593 shares of the real estate investment trust’s stock valued at $41,564,000 after purchasing an additional 523,429 shares during the last quarter. Vanguard Group Inc.
lifted its position in shares of First Industrial Realty Trust by 1.6% during the 4th quarter. Vanguard Group Inc.
now owns 19,190,885 shares of the real estate investment trust’s stock worth $962,039,000 after buying an additional 304,589 shares in the last quarter. Finally, ExodusPoint Capital Management LP grew its stake in First Industrial Realty Trust by 52.5% in the 4th quarter.
ExodusPoint Capital Management LP now owns 429,066 shares of the real estate investment trust’s stock valued at $21,509,000 after purchasing an additional 147,790 shares during the period. Institutional investors own 99.85% of the company’s stock.
First Industrial Realty Trust Stock Up 1.5 % Shares of First Industrial Realty Trust stock opened at $47.53 on Friday.
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. The company has a 50-day moving average of $53.
11 and a 200 day moving average of $52.82. The firm has a market cap of $6.
29 billion, a price-to-earnings ratio of 21.80 and a beta of 1.07.
First Industrial Realty Trust Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a dividend of $0.445 per share.
This is a boost from First Industrial Realty Trust’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, March 31st.
This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.74%.
First Industrial Realty Trust’s dividend payout ratio is presently 81.65%. Analyst Upgrades and Downgrades A number of analysts have issued reports on FR shares.
Robert W. Baird raised their target price on First Industrial Realty Trust from $59.00 to $61.
00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group raised shares of First Industrial Realty Trust from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $52.00 to $59.
00 in a research note on Friday, February 21st. Scotiabank dropped their target price on First Industrial Realty Trust from $58.00 to $50.
00 and set a “sector perform” rating for the company in a research report on Monday, April 7th. Deutsche Bank Aktiengesellschaft initiated coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a “hold” rating and a $52.
00 price objective on the stock. Finally, Barclays reissued a “cautious” rating on shares of First Industrial Realty Trust in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock.
Based on data from MarketBeat, First Industrial Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $57.77. Get Our Latest Stock Report on FR First Industrial Realty Trust Company Profile ( Free Report ) 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.
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