Vestmark Advisory Solutions Inc. Grows Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Vestmark Advisory Solutions Inc. raised its position in First Industrial Realty Trust, Inc. (NYSE:FRGet Rating) by 68.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,155 shares of the real estate investment trust’s stock after acquiring an additional 4,931 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in First Industrial Realty Trust were worth $545,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of 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 in the last quarter. State Street Corp boosted its stake 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 valued at $341,325,000 after purchasing an additional 19,586 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of First Industrial Realty Trust by 7,823.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,435,991 shares of the real estate investment trust’s stock valued at $153,967,000 after purchasing an additional 3,392,628 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of First Industrial Realty Trust by 1.1% during 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 in the last quarter. Finally, Centersquare Investment Management LLC boosted its stake in shares of First Industrial Realty Trust by 13.5% during the 1st quarter. Centersquare Investment Management LLC now owns 2,073,703 shares of the real estate investment trust’s stock valued at $128,383,000 after purchasing an additional 246,517 shares in the last quarter. Hedge funds and other institutional investors own 98.00% of the company’s stock.

Wall Street Analyst Weigh In

FR has been the topic of a number of research reports. Barclays cut their target price on shares of First Industrial Realty Trust from $71.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, October 13th. JPMorgan Chase & Co. raised shares of First Industrial Realty Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $53.00 to $56.00 in a research note on Friday, December 16th. Finally, StockNews.com initiated coverage on shares of First Industrial Realty Trust in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.14.

First Industrial Realty Trust Trading Down 0.2 %

NYSE:FR opened at $52.68 on Wednesday. First Industrial Realty Trust, Inc. has a one year low of $42.91 and a one year high of $65.92. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day simple moving average is $49.55 and its 200 day simple moving average is $49.32. The firm has a market capitalization of $6.96 billion, a P/E ratio of 17.80 and a beta of 0.96.

First Industrial Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Saturday, December 31st were paid a $0.295 dividend. The ex-dividend date was Thursday, December 29th. This represents a $1.18 annualized dividend and a dividend yield of 2.24%. First Industrial Realty Trust’s dividend payout ratio is presently 39.86%.

About First Industrial Realty Trust

(Get Rating)

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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Institutional Ownership by Quarter for First Industrial Realty Trust (NYSE:FR)

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