6 days Ago By ABMN Staff
Mariner LLC lessened its position in shares of First Industrial Realty Trust, Inc. ( NYSE:FR – Free Report ) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 15,003 shares of the real estate investment trust’s stock after selling 637 shares during the quarter. Mariner LLC’s holdings in First Industrial Realty Trust were worth $752,000 as of its most recent SEC filing. Several other institutional investors have also added to or reduced their stakes in the company.
Vanguard Group Inc. lifted its stake in shares of First Industrial Realty Trust by 1.6% in the 4th quarter.
Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust’s stock valued at $962,039,000 after purchasing an additional 304,589 shares during the last quarter. Invesco Ltd.
lifted its stake in shares of First Industrial Realty Trust by 80.2% in the 4th quarter. Invesco Ltd.
now owns 4,276,906 shares of the real estate investment trust’s stock valued at $214,401,000 after purchasing an additional 1,903,164 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of First Industrial Realty Trust by 28.
7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock valued at $187,798,000 after purchasing an additional 747,101 shares during the last quarter.
Geode Capital Management LLC lifted its stake in shares of First Industrial Realty Trust by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,482,693 shares of the real estate investment trust’s stock valued at $124,492,000 after purchasing an additional 14,298 shares during the last quarter.
Finally, Alliancebernstein L.P. lifted its stake in shares of First Industrial Realty Trust by 5.
7% during the 4th quarter. Alliancebernstein L.P.
now owns 2,432,120 shares of the real estate investment trust’s stock worth $121,922,000 after acquiring an additional 130,819 shares during the last quarter. Hedge funds and other institutional investors own 99.85% of the company’s stock.
First Industrial Realty Trust Stock Performance FR stock opened at $47.75 on Tuesday. The firm has a market cap of $6.
32 billion, a price-to-earnings ratio of 21.90 and a beta of 1.07.
The firm has a 50-day simple moving average of $51.90 and a two-hundred day simple moving average of $52.43.
First Industrial Realty Trust, Inc. has a one year low of $40.31 and a one year high of $58.
17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.
11 and a current ratio of 1.21. First Industrial Realty Trust Increases Dividend The company also recently declared a quarterly dividend, which was paid on Monday, April 21st.
Shareholders of record on Monday, March 31st were given a dividend of $0.445 per share. This represents a $1.
78 annualized dividend and a dividend yield of 3.73%. This is a positive change from First Industrial Realty Trust’s previous quarterly dividend of $0.
37. The ex-dividend date was Monday, March 31st. First Industrial Realty Trust’s dividend payout ratio is presently 88.
12%. Analyst Upgrades and Downgrades FR has been the topic of a number of recent analyst reports. Scotiabank reduced their target price on First Industrial Realty Trust from $58.
00 to $50.00 and set a “sector perform” rating on the stock in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th.
They set a “hold” rating and a $52.00 target price for the company. Robert W.
Baird boosted their target price on shares of First Industrial Realty Trust from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th.
JPMorgan Chase & Co. lowered their target price on shares of First Industrial Realty Trust from $63.00 to $57.
00 and set an “overweight” rating for the company in a research note on Monday. Finally, Barclays reissued a “cautious” rating on shares of First Industrial Realty Trust in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock.
According to MarketBeat.com, First Industrial Realty Trust has an average rating of “Hold” and an average price target of $57.58.
Read Our Latest Stock Analysis on FR About First Industrial Realty Trust ( 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. Featured Stories Want to see what other hedge funds are holding FR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Industrial Realty Trust, Inc.
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