Dupont Capital Management Corp reduced its stake in First Industrial Realty Trust, Inc. (NYSE:FR – Get Rating) by 51.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,670 shares of the real estate investment trust's stock after selling 11,310 shares during the quarter. Dupont Capital Management Corp's holdings in First Industrial Realty Trust were worth $478,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in FR. Raymond James & Associates lifted its position in First Industrial Realty Trust by 74.1% in the 1st quarter. Raymond James & Associates now owns 8,818 shares of the real estate investment trust's stock valued at $546,000 after acquiring an additional 3,753 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in First Industrial Realty Trust during the 1st quarter worth about $232,000. American Century Companies Inc. bought a new stake in First Industrial Realty Trust during the 1st quarter worth about $263,000. Natixis Advisors L.P. lifted its position in First Industrial Realty Trust by 22.6% during the 1st quarter. Natixis Advisors L.P. now owns 16,759 shares of the real estate investment trust's stock worth $1,038,000 after buying an additional 3,086 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in First Industrial Realty Trust by 4.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 176,557 shares of the real estate investment trust's stock worth $11,298,000 after buying an additional 7,724 shares in the last quarter. 98.00% of the stock is owned by institutional investors.
Get First Industrial Realty Trust alerts:Wall Street Analyst Weigh In
Several equities research analysts have commented on FR shares. JPMorgan Chase & Co. raised shares of First Industrial Realty Trust from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $53.00 to $56.00 in a research report on Friday, December 16th. StockNews.com started coverage on shares of First Industrial Realty Trust in a research report on Wednesday, October 12th. They set a "hold" rating on the stock. Finally, Barclays cut their price target 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $61.14.
First Industrial Realty Trust Stock Up 0.6 %
Shares of FR stock opened at $51.07 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.06 and a current ratio of 1.06. The firm's 50-day moving average is $49.09 and its 200-day moving average is $49.14. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 17.25 and a beta of 0.96. First Industrial Realty Trust, Inc. has a 52-week low of $42.91 and a 52-week high of $65.92.First Industrial Realty Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Saturday, December 31st will be issued a $0.295 dividend. The ex-dividend date is Thursday, December 29th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.31%. First Industrial Realty Trust's payout ratio is 39.86%.
First Industrial Realty Trust Company Profile
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on First Industrial Realty Trust (FR)
- MarketBeat: Week in Review 01/09-01/13
- JPMorgan Chase Falls As Banks Brace For Recession
- Why is the Bed Bath & Beyond Stock Price up 261%?
- Roku Stock Price is Trending, Here's Why
- Carvana Stock Rally, Here's What You Need to Know
Receive News & Ratings for First Industrial Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.