Presima Securities ULC Has $892,000 Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Presima Securities ULC cut its position in First Industrial Realty Trust, Inc. (NYSE:FR) by 92.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,800 shares of the real estate investment trust’s stock after selling 222,308 shares during the quarter. Presima Securities ULC’s holdings in First Industrial Realty Trust were worth $892,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. lifted its stake in shares of First Industrial Realty Trust by 24.7% in the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 214 shares during the period. Stifel Financial Corp raised its holdings in First Industrial Realty Trust by 1.1% during the third quarter. Stifel Financial Corp now owns 25,899 shares of the real estate investment trust’s stock worth $1,450,000 after buying an additional 278 shares during the last quarter. Fortem Financial Group LLC boosted its stake in First Industrial Realty Trust by 2.9% during the 4th quarter. Fortem Financial Group LLC now owns 10,318 shares of the real estate investment trust’s stock valued at $517,000 after purchasing an additional 292 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of First Industrial Realty Trust by 13.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 2,827 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 331 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its stake in First Industrial Realty Trust by 5.8% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 6,848 shares of the real estate investment trust’s stock valued at $383,000 after buying an additional 376 shares during the last quarter. Institutional investors own 99.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of First Industrial Realty Trust in a research note on Tuesday, January 14th. They issued a “hold” rating and a $52.00 target price for the company. KeyCorp raised First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Finally, Barclays cut their price objective on shares of First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.38.

First Industrial Realty Trust Stock Up 0.5 %

FR stock opened at $53.32 on Friday. The firm has a market cap of $7.06 billion, a PE ratio of 22.88 and a beta of 1.08. First Industrial Realty Trust, Inc. has a one year low of $45.10 and a one year high of $57.35. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s fifty day moving average is $51.55 and its 200 day moving average is $53.32.

First Industrial Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Tuesday, December 31st. First Industrial Realty Trust’s dividend payout ratio (DPR) is 63.52%.

About First Industrial Realty Trust

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.