New York State Teachers Retirement System lifted its holdings in First Industrial Realty Trust, Inc. (NYSE:FR – Get Rating) by 42.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,035 shares of the real estate investment trust's stock after buying an additional 15,400 shares during the period. New York State Teachers Retirement System's holdings in First Industrial Realty Trust were worth $2,332,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Better Money Decisions LLC bought a new position in First Industrial Realty Trust during the 2nd quarter valued at about $25,000. Neo Ivy Capital Management bought a new position in First Industrial Realty Trust during the 2nd quarter valued at about $28,000. Pinebridge Investments L.P. grew its holdings in First Industrial Realty Trust by 592.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 692 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 592 shares during the last quarter. Wipfli Financial Advisors LLC bought a new position in First Industrial Realty Trust during the 3rd quarter valued at about $44,000. Finally, Brown Brothers Harriman & Co. bought a new position in First Industrial Realty Trust during the 1st quarter valued at about $46,000. 98.00% of the stock is currently owned by institutional investors.
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First Industrial Realty Trust Stock Performance
Shares of NYSE:FR opened at $51.27 on Wednesday. The firm has a market cap of $6.77 billion, a PE ratio of 17.32 and a beta of 0.96. The firm's 50 day simple moving average is $49.25 and its 200-day simple moving average is $49.20. First Industrial Realty Trust, Inc. has a one year low of $42.91 and a one year high of $65.92. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.06 and a current ratio of 1.06.
First Industrial Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Saturday, December 31st were paid a dividend of $0.295 per share. The ex-dividend date was Thursday, December 29th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.30%. First Industrial Realty Trust's dividend payout ratio is presently 39.86%.
Analyst Ratings Changes
Several brokerages recently commented on FR. StockNews.com began coverage on shares of First Industrial Realty Trust in a report on Wednesday, October 12th. They set a "hold" rating on the stock. JPMorgan Chase & Co. raised shares of First Industrial Realty Trust from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $53.00 to $56.00 in a research report on Friday, December 16th. Finally, Barclays reduced their target price on shares of First Industrial Realty Trust from $71.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, October 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, First Industrial Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $61.14.
First Industrial Realty Trust Profile
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First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.
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