Greenwood Capital Associates LLC Has $512,000 Stock Holdings in First Industrial Realty Trust, Inc. (NYSE:FR)

Greenwood Capital Associates LLC lowered its position in shares of First Industrial Realty Trust, Inc. (NYSE:FR) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,206 shares of the real estate investment trust’s stock after selling 457 shares during the quarter. Greenwood Capital Associates LLC’s holdings in First Industrial Realty Trust were worth $512,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Synovus Financial Corp increased its position in shares of First Industrial Realty Trust by 96.3% during the 3rd quarter. Synovus Financial Corp now owns 28,374 shares of the real estate investment trust’s stock worth $1,588,000 after purchasing an additional 13,922 shares during the last quarter. Franklin Resources Inc. increased its holdings in First Industrial Realty Trust by 42.9% during the third quarter. Franklin Resources Inc. now owns 193,532 shares of the real estate investment trust’s stock worth $10,546,000 after buying an additional 58,088 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in First Industrial Realty Trust by 2,886.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 18,843 shares of the real estate investment trust’s stock worth $1,055,000 after acquiring an additional 18,212 shares in the last quarter. Commerce Bank acquired a new stake in First Industrial Realty Trust in the third quarter valued at $4,817,000. Finally, JPMorgan Chase & Co. grew 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 acquiring an additional 747,101 shares during the period. 99.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed 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 upgraded First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 17th. Finally, Barclays dropped their price target on First Industrial Realty Trust from $56.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. One research 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $57.38.

First Industrial Realty Trust Stock Up 1.2 %

Shares of FR opened at $53.77 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.80. First Industrial Realty Trust, Inc. has a 12 month low of $45.10 and a 12 month high of $57.35. The firm’s 50 day moving average is $51.57 and its 200-day moving average is $53.48. The stock has a market capitalization of $7.12 billion, a PE ratio of 23.08 and a beta of 1.09.

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.