First Industrial Realty Trust, Inc. (NYSE:FR) Position Raised by Inspire Investing LLC

Inspire Investing LLC raised its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,038 shares of the real estate investment trust’s stock after purchasing an additional 667 shares during the quarter. Inspire Investing LLC’s holdings in First Industrial Realty Trust were worth $403,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of First Industrial Realty Trust by 28.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock valued at $187,798,000 after purchasing an additional 747,101 shares during the period. Geode Capital Management LLC boosted its holdings in shares of First Industrial Realty Trust by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust’s stock worth $138,214,000 after buying an additional 15,093 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of First Industrial Realty Trust by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,182,600 shares of the real estate investment trust’s stock worth $122,182,000 after acquiring an additional 81,826 shares in the last quarter. Rush Island Management LP acquired a new stake in shares of First Industrial Realty Trust during the third quarter valued at approximately $60,848,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of First Industrial Realty Trust by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 973,441 shares of the real estate investment trust’s stock valued at $46,248,000 after acquiring an additional 8,062 shares in the last quarter. 99.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FR has been the subject of a number of research analyst reports. KeyCorp upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft started coverage on First Industrial Realty Trust in a research note on Tuesday, January 14th. They set a “hold” rating and a $52.00 target price on the stock. Finally, Barclays reduced their price target 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 report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $57.38.

First Industrial Realty Trust Stock Performance

FR opened at $53.32 on Friday. The stock has a 50-day moving average of $51.55 and a 200-day moving average of $53.36. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. First Industrial Realty Trust, Inc. has a 52-week low of $45.10 and a 52-week high of $57.35. The company has a market cap of $7.06 billion, a PE ratio of 22.88 and a beta of 1.08.

First Industrial Realty Trust Dividend Announcement

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