First Industrial Realty Trust, Inc. $FR Shares Sold by London Co. of Virginia

London Co. of Virginia trimmed its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 820,034 shares of the real estate investment trust’s stock after selling 122,369 shares during the quarter. London Co. of Virginia owned about 0.62% of First Industrial Realty Trust worth $46,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its holdings in First Industrial Realty Trust by 1.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 9,550 shares of the real estate investment trust’s stock valued at $492,000 after purchasing an additional 179 shares during the last quarter. Assetmark Inc. boosted its holdings in First Industrial Realty Trust by 7.1% in the 3rd quarter. Assetmark Inc. now owns 2,994 shares of the real estate investment trust’s stock valued at $154,000 after purchasing an additional 198 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in First Industrial Realty Trust by 2.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,761 shares of the real estate investment trust’s stock valued at $554,000 after purchasing an additional 211 shares during the last quarter. Intech Investment Management LLC boosted its holdings in First Industrial Realty Trust by 0.6% in the 3rd quarter. Intech Investment Management LLC now owns 40,807 shares of the real estate investment trust’s stock valued at $2,100,000 after purchasing an additional 237 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in First Industrial Realty Trust by 9.4% in the 4th quarter. Signaturefd LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 242 shares during the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. 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. Scotiabank boosted their target price on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Robert W. Baird boosted 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. Wells Fargo & Company decreased 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 report on Monday, June 1st. Finally, Truist Financial boosted their price target on shares of First Industrial Realty Trust from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.93.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock opened at $62.77 on Wednesday. The company’s 50 day simple moving average is $61.95 and its 200-day simple moving average is $60.01. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 24.33 and a beta of 1.05. First Industrial Realty Trust, Inc. has a 1 year low of $47.36 and a 1 year 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.

First Industrial Realty Trust Announces Dividend

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

First Industrial Realty Trust Company 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.