Ellevest Inc. grew its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR – Get Rating) by 1,790.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,134 shares of the real estate investment trust's stock after acquiring an additional 1,074 shares during the period. Ellevest Inc.'s holdings in First Industrial Realty Trust were worth $51,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in First Industrial Realty Trust by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 19,203,142 shares of the real estate investment trust's stock valued at $1,188,867,000 after purchasing an additional 338,812 shares during the period. State Street Corp grew its holdings in shares of First Industrial Realty Trust by 0.3% during the 2nd quarter. State Street Corp now owns 7,145,967 shares of the real estate investment trust's stock worth $341,325,000 after acquiring an additional 19,586 shares during the period. Daiwa Securities Group Inc. raised its position in shares of First Industrial Realty Trust by 7,823.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,435,991 shares of the real estate investment trust's stock worth $153,967,000 after acquiring an additional 3,392,628 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of First Industrial Realty Trust by 1.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,151,789 shares of the real estate investment trust's stock valued at $102,167,000 after purchasing an additional 24,329 shares during the period. Finally, Centersquare Investment Management LLC grew its stake in First Industrial Realty Trust by 13.5% in the first quarter. Centersquare Investment Management LLC now owns 2,073,703 shares of the real estate investment trust's stock worth $128,383,000 after purchasing an additional 246,517 shares during the period. 98.00% of the stock is owned by institutional investors.
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Shares of FR opened at $51.85 on Monday. First Industrial Realty Trust, Inc. has a twelve month low of $42.91 and a twelve month high of $65.92. The company has a market capitalization of $6.85 billion, a P/E ratio of 17.52 and a beta of 0.96. The firm has a 50 day moving average of $49.39 and a 200 day moving average of $49.26. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.80.
First Industrial Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Saturday, December 31st were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, December 29th. First Industrial Realty Trust's payout ratio is 39.86%.Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on FR shares. JPMorgan Chase & Co. upgraded First Industrial Realty Trust from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $53.00 to $56.00 in a report on Friday, December 16th. Barclays decreased their target price on shares of First Industrial Realty Trust from $71.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, October 13th. Finally, StockNews.com began coverage on First Industrial Realty Trust in a research report on Wednesday, October 12th. They set a "hold" rating for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $61.14.
First Industrial Realty Trust Company Profile
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First Industrial Realty Trust, Inc operates as a real estate investment trust. It engages in the ownership, management, acquisition, sale, development and redevelopment of industrial real estate. The firm product portfolio includes bulk warehouse, regional warehouse, R&D/flex, and light industrial properties.
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