Vestmark Advisory Solutions Inc. Boosts Position in First Industrial Realty Trust, Inc. (NYSE:FR)

Vestmark Advisory Solutions Inc. increased its stake in First Industrial Realty Trust, Inc. (NYSE:FRGet Rating) by 68.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor 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.

Other institutional investors also recently added to or reduced their stakes in the company. Better Money Decisions LLC purchased a new position in First Industrial Realty Trust in the 2nd quarter worth about $25,000. Neo Ivy Capital Management purchased a new position in First Industrial Realty Trust in the 2nd quarter worth about $28,000. Pinebridge Investments L.P. increased its stake in First Industrial Realty Trust by 592.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 692 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 592 shares during the period. Wipfli Financial Advisors LLC purchased a new position in First Industrial Realty Trust during the 3rd quarter valued at about $44,000. Finally, Brown Brothers Harriman & Co. purchased a new position in First Industrial Realty Trust during the 1st quarter valued at about $46,000. Hedge funds and other institutional investors own 98.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. 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 report on Thursday, October 13th. StockNews.com assumed coverage on shares of First Industrial Realty Trust in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. raised shares of First Industrial Realty Trust from a “neutral” rating to an “overweight” rating and raised their target price for the company from $53.00 to $56.00 in a research report on Friday, December 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.14.

First Industrial Realty Trust Stock Down 0.2 %

FR stock opened at $52.68 on Wednesday. The firm has a 50 day moving average of $49.55 and a 200 day moving average of $49.32. The stock has a market capitalization of $6.96 billion, a PE ratio of 17.80 and a beta of 0.96. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a 52 week low of $42.91 and a 52 week high of $65.92.

First Industrial Realty Trust Dividend Announcement

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

First Industrial Realty Trust Company Profile

(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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