First Industrial Realty Trust, Inc. $FR Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 47.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 444,051 shares of the real estate investment trust’s stock after purchasing an additional 142,984 shares during the quarter. First Industrial Realty Trust makes up 0.5% of Kennedy Capital Management LLC’s holdings, making the stock its 28th biggest position. Kennedy Capital Management LLC owned about 0.34% of First Industrial Realty Trust worth $25,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Landscape Capital Management L.L.C. grew its position in shares of First Industrial Realty Trust by 47.1% in the fourth quarter. Landscape Capital Management L.L.C. now owns 14,882 shares of the real estate investment trust’s stock valued at $852,000 after purchasing an additional 4,765 shares during the period. Dockside LLC acquired a new stake in shares of First Industrial Realty Trust in the fourth quarter valued at about $2,739,000. Entropy Technologies LP grew its position in shares of First Industrial Realty Trust by 224.0% in the fourth quarter. Entropy Technologies LP now owns 23,321 shares of the real estate investment trust’s stock valued at $1,336,000 after purchasing an additional 16,123 shares during the period. Kestra Advisory Services LLC grew its position in shares of First Industrial Realty Trust by 46.1% in the fourth quarter. Kestra Advisory Services LLC now owns 6,079 shares of the real estate investment trust’s stock valued at $348,000 after purchasing an additional 1,917 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of First Industrial Realty Trust by 27.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,231 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 262 shares during the period. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Performance

FR opened at $63.49 on Friday. The firm has a market capitalization of $8.42 billion, a PE ratio of 24.61 and a beta of 1.05. First Industrial Realty Trust, Inc. has a twelve month low of $47.36 and a twelve month high of $64.66. The firm’s 50-day moving average price is $61.77 and its 200 day moving average price is $59.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Tuesday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. First Industrial Realty Trust’s payout ratio is presently 77.52%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $65.00 target price on shares of First Industrial Realty Trust in a research report on Monday, April 27th. 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 on the stock in a research report on Monday, June 1st. Wall Street Zen upgraded shares of First Industrial Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings upgraded shares of First Industrial Realty Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Finally, Scotiabank boosted 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 research report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.93.

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.