First Industrial Realty Trust, Inc. $FR Position Boosted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,143,459 shares of the real estate investment trust’s stock after purchasing an additional 8,569 shares during the period. Thrivent Financial for Lutherans’ holdings in First Industrial Realty Trust were worth $122,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at about $26,000. Danske Bank A S bought a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at about $51,000. Fulcrum Asset Management LLP bought a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at about $79,000. Fifth Third Bancorp boosted its position in shares of First Industrial Realty Trust by 16.0% during the 4th quarter. Fifth Third Bancorp now owns 1,758 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 242 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of First Industrial Realty Trust during the 3rd quarter valued at about $97,000. Institutional investors own 99.85% of the company’s stock.

First Industrial Realty Trust Price Performance

FR stock opened at $61.40 on Friday. 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, Inc. has a one year low of $47.36 and a one year high of $64.66. The firm has a market capitalization of $8.14 billion, a PE ratio of 23.80 and a beta of 1.07. The firm has a 50-day moving average of $60.67 and a two-hundred day moving average of $59.01.

First Industrial Realty Trust Dividend Announcement

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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. First Industrial Realty Trust’s dividend payout ratio is 77.52%.

Analysts Set New Price Targets

A number of analysts have commented on FR shares. Truist Financial upped their price objective on shares of First Industrial Realty Trust from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Robert W. Baird upped their price objective on shares of First Industrial Realty Trust from $67.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada upped their price objective on shares of First Industrial Realty Trust from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Scotiabank upped their price objective on shares of First Industrial Realty Trust from $62.00 to $63.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Finally, Citigroup upped their price objective on shares of First Industrial Realty Trust from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.57.

About First Industrial Realty Trust

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.