3 days Ago By ABMN Staff
California Public Employees Retirement System decreased its position in First Industrial Realty Trust, Inc. ( NYSE:FR – Free Report ) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 220,388 shares of the real estate investment trust’s stock after selling 14,301 shares during the quarter. California Public Employees Retirement System owned about 0.17% of First Industrial Realty Trust worth $11,048,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in First Industrial Realty Trust by 1.
6% in the fourth quarter. Vanguard Group Inc. now owns 19,190,885 shares of the real estate investment trust’s stock worth $962,039,000 after buying an additional 304,589 shares during the last quarter.
JPMorgan Chase & Co. boosted its stake in shares of First Industrial Realty Trust by 28.7% during the 3rd quarter.
JPMorgan Chase & Co. now owns 3,354,728 shares of the real estate investment trust’s stock worth $187,798,000 after acquiring an additional 747,101 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of First Industrial Realty Trust by 0.
6% in the 3rd quarter. Geode Capital Management LLC now owns 2,468,395 shares of the real estate investment trust’s stock worth $138,214,000 after acquiring an additional 15,093 shares during the last quarter. Charles Schwab Investment Management Inc.
raised its position in shares of First Industrial Realty Trust by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 2,205,880 shares of the real estate investment trust’s stock worth $110,581,000 after purchasing an additional 23,280 shares during the period. Finally, Norges Bank purchased a new stake in shares of First Industrial Realty Trust during the fourth quarter valued at $90,489,000. Institutional investors own 99.
85% of the company’s stock. First Industrial Realty Trust Stock Performance Shares of NYSE FR opened at $47.72 on Monday.
First Industrial Realty Trust, Inc. has a one year low of $45.10 and a one year high of $58.
17. The business’s 50-day moving average price is $54.93 and its two-hundred day moving average price is $53.
56. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.
21 and a quick ratio of 1.11. The company has a market capitalization of $6.
32 billion, a P/E ratio of 21.89 and a beta of 1.07.
First Industrial Realty Trust Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be issued a dividend of $0.445 per share.
The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.
73%. This is an increase from First Industrial Realty Trust’s previous quarterly dividend of $0.37.
First Industrial Realty Trust’s dividend payout ratio (DPR) is currently 81.65%. Analysts Set New Price Targets FR has been the topic of several recent analyst reports.
Robert W. Baird boosted their price objective on First Industrial Realty Trust from $59.00 to $61.
00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of First Industrial Realty Trust in a research report on Tuesday, January 14th. They issued a “hold” rating and a $52.
00 target price on the stock. Barclays restated a “cautious” rating on shares of First Industrial Realty Trust in a research report on Tuesday, March 25th. KeyCorp upgraded shares of First Industrial Realty Trust from an “underweight” rating to a “sector weight” rating in a research report on Tuesday, December 17th.
Finally, The Goldman Sachs Group upgraded First Industrial Realty Trust from a “sell” rating to a “neutral” rating and increased their target price for the company from $52.00 to $59.00 in a report on Friday, February 21st.
One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, First Industrial Realty Trust has a consensus rating of “Hold” and an average target price of $58.38.
Get Our Latest Report on First Industrial Realty Trust First Industrial Realty Trust Profile ( Free Report ) 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. Featured Stories Receive News & Ratings for First Industrial Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Industrial Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter .
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