First Industrial Realty Trust, Inc. $FR Shares Sold by GSI Capital Advisors LLC

GSI Capital Advisors LLC lowered its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 54.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,827 shares of the real estate investment trust’s stock after selling 76,082 shares during the period. First Industrial Realty Trust makes up approximately 2.1% of GSI Capital Advisors LLC’s portfolio, making the stock its 23rd largest position. GSI Capital Advisors LLC’s holdings in First Industrial Realty Trust were worth $3,713,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FR. Goldman Sachs Group Inc. increased its holdings in shares of First Industrial Realty Trust by 41.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 839,536 shares of the real estate investment trust’s stock worth $45,301,000 after buying an additional 244,562 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of First Industrial Realty Trust by 141.1% during the 2nd quarter. First Trust Advisors LP now owns 86,866 shares of the real estate investment trust’s stock worth $4,181,000 after buying an additional 50,839 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of First Industrial Realty Trust by 4.4% during the 2nd quarter. Baird Financial Group Inc. now owns 55,781 shares of the real estate investment trust’s stock worth $2,685,000 after buying an additional 2,356 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of First Industrial Realty Trust during the 2nd quarter worth approximately $275,000. Finally, Cerity Partners LLC increased its holdings in shares of First Industrial Realty Trust by 463.4% during the 2nd quarter. Cerity Partners LLC now owns 63,013 shares of the real estate investment trust’s stock worth $3,033,000 after buying an additional 51,828 shares during the last quarter. Institutional investors and hedge funds own 99.85% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FR. Scotiabank raised their price target on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Wells Fargo & Company dropped their target price on shares of First Industrial Realty Trust from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Weiss Ratings upgraded shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. KeyCorp reiterated a “sector weight” rating on shares of First Industrial Realty Trust in a report on Wednesday. Finally, Robert W. Baird lifted their target price on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, First Industrial Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $63.93.

First Industrial Realty Trust Stock Up 0.6%

First Industrial Realty Trust stock opened at $62.80 on Friday. First Industrial Realty Trust, Inc. has a fifty-two week low of $47.36 and a fifty-two week high of $64.66. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50 day moving average price of $61.68 and a 200 day moving average price of $59.88. The company has a market capitalization of $8.32 billion, a PE ratio of 24.34 and a beta of 1.05.

First Industrial Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Tuesday, June 30th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio (DPR) is 77.52%.

First Industrial Realty Trust Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a publicly traded real estate investment trust focused on the ownership, operation and development of industrial real estate assets. The company specializes in light industrial, warehouse and distribution facilities that serve a broad range of end markets, including manufacturing, transportation and e-commerce. Through both acquisitions and ground-up developments, First Industrial seeks to assemble a diversified portfolio of strategically located properties that support its tenants’ supply-chain needs.

Core services provided by First Industrial include property leasing, asset management, redevelopment of obsolescent buildings and build-to-suit development for creditworthy users.