Bailard Inc. Has $948,000 Stake in First Industrial Realty Trust, Inc. (NYSE:FR)

Bailard Inc. raised its stake in First Industrial Realty Trust, Inc. (NYSE:FR) by 12.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,000 shares of the real estate investment trust’s stock after buying an additional 2,000 shares during the period. Bailard Inc.’s holdings in First Industrial Realty Trust were worth $948,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FR. CWM LLC raised its position in shares of First Industrial Realty Trust by 31.9% during the fourth quarter. CWM LLC now owns 1,613 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 390 shares during the period. Covestor Ltd raised its position in shares of First Industrial Realty Trust by 14.0% during the third quarter. Covestor Ltd now owns 1,960 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 241 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of First Industrial Realty Trust during the fourth quarter worth about $153,000. Trust Point Inc. acquired a new stake in shares of First Industrial Realty Trust during the fourth quarter worth about $204,000. Finally, DAVENPORT & Co LLC acquired a new stake in shares of First Industrial Realty Trust during the fourth quarter worth about $209,000. Institutional investors and hedge funds own 99.85% of the company’s stock.

First Industrial Realty Trust Stock Down 0.1 %

FR stock opened at $46.00 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. First Industrial Realty Trust, Inc. has a twelve month low of $40.44 and a twelve month high of $55.22. The business has a 50 day moving average price of $51.55 and a two-hundred day moving average price of $49.86. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 21.20 and a beta of 1.01.

First Industrial Realty Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.37 per share. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.32. This represents a $1.48 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Wednesday, March 27th. First Industrial Realty Trust’s payout ratio is currently 68.20%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FR. Royal Bank of Canada raised their price target on First Industrial Realty Trust from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. JPMorgan Chase & Co. dropped their target price on First Industrial Realty Trust from $59.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday. Barclays reissued an “equal weight” rating and issued a $53.00 target price (down previously from $63.00) on shares of First Industrial Realty Trust in a research report on Wednesday, March 27th. Mizuho reissued a “buy” rating and issued a $58.00 target price on shares of First Industrial Realty Trust in a research report on Tuesday, April 2nd. Finally, Truist Financial lifted their target price on First Industrial Realty Trust from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $53.11.

First Industrial Realty Trust Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.